Roku’s Next Frontier Is Original Content
The Roku Channel has also been a cash cow for the company.
Roku has been on a roll in a big way for the last year or so, as the pandemic led to a lot of people staying home more and using the company’s products as a conduit for entertainment.
The company’s stock has surged throughout the last year, from $119.38 a share a year ago to $474.74 today, as the company has become more of a household name over time, along with robust sales of both Roku-branded TVs and Roku boxes and sticks. Roku has said that its users streamed nearly sixty billion hours on the platform in 2020.
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Roku TV Is No. 1 Selling Smart TV Operating System (OS) in U.S. and Canada
Saturday, January 9, 2021 10:07AM IST (4:37AM GMT)
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Roku, Inc. (Nasdaq: ROKU) today announced that Roku® OS was the No. 1 smart TV OS sold in the U.S. and Canada according to NPD’s Weekly Retail Tracking Service. Roku TV™ held 38% of market share in the US and 31% in Canada, based on available data from January 5 through December 26, 2020, maintaining the lead spot in both regions. In North America, millions of Roku TV models were sold across thousands of retail stores offering consumers hundreds of models to choose from in a range of sizes and picture quality options from 24-inch HD to 75-inch 4K HDR models.