Netflix is doing fairly well. Its inventors have seen a somewhat record-breaking gain of no less than 572% as of October 15, but it did have a weak last quarter, as the $8.03 billion dollars and 18 million customers worth video giant slipped 11.9 % last July. Nonetheless, despite some very pessimistic predictions by Janney Montgomery Scott analyst Tony Wible, who was proven wrong before, Netflix is predicted to show even more gain in its 3^rd quarter report revealed at October 20.

As quoted from Bloomberg:

“There’s no doubt we’ve been wrong on the stock,” the Philadelphia-based analyst said in an interview. “It’s been a bad call. What’s been phenomenal with Netflix is the Street’s propensity to ignore future risk… analysts [are] projecting profit will rise 40 percent to $42.2 million on 30 percent higher sales of $551.7 million.”

This year the company is expected to grow sales by %29 and net income by %32, but just because analysts talk about an exceeding 3^rd quarter, nobody says the company got it for cheap. Tony Wible may predict a dead-end for Netflix’s progress and profitability in the near future, but as reported here, the video streaming and DVD giant is constantly working to ensure its future in the light of competition.

The company recently released an iPhone app, streaming-only services in Canada and as reported in the coverage linked above by siliconANGLE, a Nintendo & PS3 update that eliminate the need for a disc and result a sort of Netflix app for the two. These steps are aimed to subsidize its success even further into the future, and might have a chance to actually achieve or significantly help realizing this goal.