Science & Tech · Big Tech & Internet · 6 hrs ago

Roku will wind down smart home sales and focus on streaming

Roku will wind down smart home sales and focus on streaming

Roku says it will wind down sales of its smart home hardware and focus on streaming.

The decision affects products such as cameras, video doorbells, smart lights, plugs and its home monitoring system.

Roku entered the smart home market in 2022, first selling products based on Wyze devices and later releasing its own hardware.

The company says it will continue support and services for existing products.

In its final earnings report before joining Fox, Roku said hardware losses more than doubled to $48.6 million in the third quarter, partly because memory components cost more.

Fox completed its $22 billion takeover of Roku days before the announcement.

Roku has not said when sales will end, while it has recently released its first OLED TVs.

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What people are saying

Roku spokespersonCompany spokesperson
We're sharpening our focus on Roku's core mission: being the top streaming platform
via Engadget
As part of that, we plan to wind down sales of smart home hardware and will provide continued support and services for Roku Smart Home products.
via Engadget