Roku (ROKU) has made a great name for itself in both home theater hardware and content provision, giving it access to the entire home entertainment spectrum. But there are some concerns rising suggesting that Roku’s position may be starting to erode. That sent shares down modestly in the closing minutes of Friday’s trading.
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New reports say that Roku’s hardware revenue has been in decline for some time now. The second quarter alone saw device revenue drop 6%, as a combination of tariffs on devices and rising competition from other major streaming operations stepped in. Moreover, households saw little reason to upgrade their Roku devices, so that revenue stream was likewise lost.
However, Roku is responding to this by pivoting its…
