Is Apple TV+ Good or Bad for Roku?
A lot of companies in the streaming video space saw their stocks take a hit after Apple (NASDAQ: AAPL) announced the pricing on its forthcoming Apple TV+ service. The tech giant is charging just $4.99 per month in the U.S., and it's giving a free year to anyone who buys a new Apple device.
Shares of Netflix and Disney (NYSE: DIS), unsurprisingly, took a considerable hit after Apple's aggressive pricing was revealed. What came as a big surprise to some investors, however, was the impact on Roku (NASDAQ: ROKU), whose shares fell 10.5% that day.
There are a few reasons Apple TV+ could have a big negative impact on Roku, but there are also some positives for investors to look forward to from the new service. Let's take a closer look at the good and the bad for Roku when it comes to Apple TV+.
Source Fool.com
