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Why Roku Stock Took a Hit Tuesday

TheMotleyFool

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Why Roku Stock Took a Hit TuesdayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of Roku (NASDAQ: ROKU) were slammed on Tuesday, sliding 10.5% by the time the market closed.

While some of this decline was likely due to a continued sell-off in many high-growth software stocks this week, there's another reason for the tech stock's sharp drop on Tuesday: the competitive pricing of the new streaming service from Apple (NASDAQ: AAPL).

Apple's The Morning Show will debut on Apple TV+ on Nov. 1. Image source: Apple.

Source Fool.com

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