Comcast Replacing Cable Customers With Internet Customers

Especially in recent years, many people have been looking for clever ways to cut some of their higher utilities costs. For some, that means taking shorter showers or keeping the air conditioner off during the hotter months. Many others have found that cable is a pretty substantial monthly expense that they can go without relatively easily. "Cutting the cord," as it's commonly referred to, can save consumers well over $100 per month, depending on the package of channels they had. According to Gerry Smith's L.A. Times article, they opt instead to use their internet connections, paired with streaming services like Netflix or Hulu, to watch their favorite shows.

Comcast Inc. is just one of the many cable providers that have suffered losses to their bottom line due to the cord-cutting frenzy sweeping the nation. However, on the other hand, Comcast has also observed that as much as people are removing cable, they are getting more new customers for their internet plans. This quarter, the number of cable customers dropped yet again, but an additional 350,000 customers bought broadband internet service, which helped to balance out Comcast's profits.

People aren't only getting more into internet because of its ability to replace their cable entertainment. In the modern age, it is incredibly difficult to have a job, attend school, or do pretty much anything else without a reliable internet connection. Everything these days is online, so Comcast and companies like it are naturally going to keep getting new customers and are going to be getting demands from their customers for increased internet speeds. Some of their new features, including personalized home Wi-Fi networks, have led hundreds of thousands of new users to try out their internet connections.

Some cable giants are offering cheaper cable packages with fewer channels, which is attractive to some users. To many others, paying anything for any amount of cable is simply too much, because they can get access to anything they want to watch via the internet. Why pay more for something you can get elsewhere for less? Comcast's profits went up this year due to the influx of internet customers, and they expect to increase their shareholders' dividends by around 20% in 2018, while increasing stock value at the same time.

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