Roku CEO explains why the company is launching its own line of TVs
Publishing timestamp: 2023-01-05 20:42:56
Summary
Roku CEO Anthony Wood told CNBC that the company is launching its own line of televisions, ranging from 24 to 75 inches and priced between $119 to $999. Wood is optimistic about selling the new TVs and is banking on the momentum of the streaming industry. Roku's streaming technology has been used by manufacturers Hisense, TCL, Philips, JVC and others, and by introducing its own television line, it will compete with those partners. Shares of Roku are up more than 4% in early 2023.
Sentiment: POSITIVE
Tickers: ROKU,
Keywords: roku inc, media, business, entertainment, television, business news,