360° Coverage : Roku CEO Calls Apple TV as the “Money Loser”

Roku CEO Calls Apple TV as the “Money Loser”

Apple TV fails to make itself as a serious competitor in the eyes of Anthony Wood

Mar 28 2014, 2:20pm CDT | by

Roku CEO Calls Apple TV as the “Money Loser”
Photo Credit: Getty Images

Apple TV might be a valuable device to the Apple CEO Tim Cook, but it is not an interesting device to the Roku founder Anthony Wood, as he believes that the device is causing the tech giant to lose a significant amount of money.

According to CNET, Wood said, “Apple TV is essentially an accessory for the iPad. They lose money, which is unusual for Apple.” He added, “If you’re losing money, why would you want to sell more?”

Roku is such a company which reigns in a huge market for streaming-video devices. It has more than 1,200 apps and is expanding the growth rapidly. However, it is facing a strong competition since the entrance of big names in the specific market, including Apple TV.

However, Wood’s statement doesn’t prove that the Apple TV is a failed device, as it had awarded the Cupertino company with a massive revenue of $1 billion in 2013. Moreover, Tim Cook stated that the device “is not a hobby anymore.” It strongly indicates that the tech giant has a serious plan for device, which might provide Apple with a record breaking profit.

However, Apple hasn’t made any comment regarding the matter.       

 

 

 
 
 


Ehsanul Haque Kanan is covering consumer electronics with passion. He is especially an avid follower of all things Apple.

 

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