Here's Proof That Amazon Is Concerned About Roku
It seems that Amazon.com (NASDAQ: AMZN) has the Midas touch -- almost every area the company enters turns to profits. In addition to its flagship e-commerce store and sprawling logistics and delivery operations, the company has its tentacles in a variety of other areas, including physical retail, streaming video, business-to-business sales, cloud computing, and digital advertising -- to name just a few.
One of the more unlikely challenges to Amazon's dominance has come from Roku (NASDAQ: ROKU). The streaming pioneer got its start peddling set-top boxes and streaming dongles, but it was the company's connected-TV operating system (OS) -- which it licenses to all comers -- that gave Roku an edge in the streaming wars.
Amazon isn't taking the competition lying down, debuting a number of new devices and a further expansion into Europe designed to stop Roku in its tracks.
Source Fool.com
