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Roku to Offer Apple TV on Devices, Stir Up Streaming War
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Roku (ROKU - Free Report) recently announced that Apple’s (AAPL - Free Report) new Apple TV app is now available on some of its streaming players and TV models. This allows Apple’s customers to subscribe directly to Apple TV channels on Roku devices using their Apple ID and password.
Additionally, customers can browse, buy or rent more than 100,000 movies and TV shows. They can also continue to watch all the shows and movies they have previously purchased from iTunes.
Moreover, Roku announced that the iPhone maker’s upcoming streaming service Apple TV+ will be available on the Apple TV app on its devices beginning Nov 1. This is expected to intensify competition in the streaming market, which is currently dominated by Netflix (NFLX - Free Report) .
Following the news, Roku’s shares grew 11.5% to close at $132.82. However, Apple’s shares declined 0.2% to close at $235.32.
Year-to-Date Performance
Win-Win for Apple & Roku
Although the price performance was muted for the iPhone maker, we believe the latest development to help Apple TV and Apple TV+ services to reach a wider audience.
In fact, Apple has been embracing platforms offered by Roku, Amazon and Samsung to cater to a wider consumer base that does not use its devices. The expansion bodes well for its subscription-based services like Apple TV and Apple Music, which forms a major part of Apple’s services portfolio.
Notably, the company is increasingly relying on its services segment for growth as the iPhone category is facing increasing competition from Chinese smartphone vendors.
Roku, in the meanwhile, is facing significant competition in the streaming market not only from incumbents like Netflix, Amazon, Hulu and HBO but also from Facebook and Comcast (CMCSA - Free Report) .
Notably, Comcast’s plan to offer Internet users a free streaming media set-top box compatible with other services and Facebook’s Portal TV announcement have been a dampener for Roku in recent times.
Apple-Roku Combination to Challenge Netflix
The availability of Apple TV+ on Roku devices will make Apple a strong contender in the streaming market.
Meanwhile, Roku is expanding its streaming player lineup in Canada, the U.K., the Republic of Ireland and select countries in Latin America.
Apple TV+ will be available to Roku users in Argentina, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama and Peru. Other countries where Apple TV+ will be available include Canada, France, the Republic of Ireland and the United Kingdom.
Moreover, Apple’s robust original content portfolio for Apple TV+ that includes shows of different genres like See, The Morning Show, Dickinson, For All Mankind and The Elephant Queen is a key catalyst.
Further, Apple’s aggressive pricing strategy ($4.99 per month) is a game changer. Established players like Netflix, Amazon Prime and YouTube, and new entrants like Disney+, NBCUniversal’s Peacock and HBO Max might find it extremely difficult to match Apple TV+’s rock-bottom pricing.
While Netflix has a Zacks Rank #3 (Hold), Apple carries a Zacks Rank #4 (Sell).
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our just-released Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Image: Bigstock
Roku to Offer Apple TV on Devices, Stir Up Streaming War
Roku (ROKU - Free Report) recently announced that Apple’s (AAPL - Free Report) new Apple TV app is now available on some of its streaming players and TV models. This allows Apple’s customers to subscribe directly to Apple TV channels on Roku devices using their Apple ID and password.
Additionally, customers can browse, buy or rent more than 100,000 movies and TV shows. They can also continue to watch all the shows and movies they have previously purchased from iTunes.
Moreover, Roku announced that the iPhone maker’s upcoming streaming service Apple TV+ will be available on the Apple TV app on its devices beginning Nov 1. This is expected to intensify competition in the streaming market, which is currently dominated by Netflix (NFLX - Free Report) .
Following the news, Roku’s shares grew 11.5% to close at $132.82. However, Apple’s shares declined 0.2% to close at $235.32.
Year-to-Date Performance
Win-Win for Apple & Roku
Although the price performance was muted for the iPhone maker, we believe the latest development to help Apple TV and Apple TV+ services to reach a wider audience.
In fact, Apple has been embracing platforms offered by Roku, Amazon and Samsung to cater to a wider consumer base that does not use its devices. The expansion bodes well for its subscription-based services like Apple TV and Apple Music, which forms a major part of Apple’s services portfolio.
Notably, the company is increasingly relying on its services segment for growth as the iPhone category is facing increasing competition from Chinese smartphone vendors.
Roku, in the meanwhile, is facing significant competition in the streaming market not only from incumbents like Netflix, Amazon, Hulu and HBO but also from Facebook and Comcast (CMCSA - Free Report) .
Notably, Comcast’s plan to offer Internet users a free streaming media set-top box compatible with other services and Facebook’s Portal TV announcement have been a dampener for Roku in recent times.
Apple-Roku Combination to Challenge Netflix
The availability of Apple TV+ on Roku devices will make Apple a strong contender in the streaming market.
Meanwhile, Roku is expanding its streaming player lineup in Canada, the U.K., the Republic of Ireland and select countries in Latin America.
Apple TV+ will be available to Roku users in Argentina, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama and Peru. Other countries where Apple TV+ will be available include Canada, France, the Republic of Ireland and the United Kingdom.
Moreover, Apple’s robust original content portfolio for Apple TV+ that includes shows of different genres like See, The Morning Show, Dickinson, For All Mankind and The Elephant Queen is a key catalyst.
Further, Apple’s aggressive pricing strategy ($4.99 per month) is a game changer. Established players like Netflix, Amazon Prime and YouTube, and new entrants like Disney+, NBCUniversal’s Peacock and HBO Max might find it extremely difficult to match Apple TV+’s rock-bottom pricing.
Zacks Rank
Roku currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
While Netflix has a Zacks Rank #3 (Hold), Apple carries a Zacks Rank #4 (Sell).
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our just-released Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Download Free Report Now >>