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Engadget

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Smart Home Hardware Is Leaving Roku’s Lineup for Good

Summary

Days after Fox closed its $22 billion acquisition of Roku, the company confirmed it is winding down smart home hardware sales, including indoor and outdoor cameras, video doorbells, smart plugs, light strips, and its home monitoring system. A spokesperson said Roku is sharpening its focus on streaming, its core business, while continuing software support for devices already sold. Device hardware losses more than doubled in the third quarter, from $22.9 million to $48.6 million, a jump Roku blamed largely on rising memory component costs.

Why it matters

Anyone who bought into Roku’s smart home lineup should start planning a replacement now, since Roku promised continued support but isn’t releasing any new hardware.

HTD Says

Roku spent years trying to be Ring and Nest at once, and dropping hardware the moment Fox took over says plenty about who actually wanted that business in the first place. I’m not surprised. Roku did really well when it focused on streaming hardware and developing its streaming ecosystem and platform. Developing integrations with TV manufacturers to bring its “OS” to those devices was equally smart.

I guess that folding in other smart home products to map into that streaming ecosystem made sense at the time. But hardware costs are starting to climb dramatically. I think focusing back on the streaming platform and those supported hardware devices or integrations is a smarter financial move.

However, I do need to complain personally about being shut out of apps on my Roku 4K streaming box. I tried to launch a couple of apps, like HBO Max and another one, and was told I needed to update my hardware. That’s a hard upsell that I didn’t appreciate.

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Source:

Engadget
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