TNT and TBS's Chief Innovation Officer Jesse Redniss offers a bold prediction that Facebook could have its eyes on Roku to boost its hardware capability in the OTT video space. Redniss explains why this acquisition could make sense for the social media giant. "Facebook has been trying to get in the video space for quite some time," says Redniss. "In some ways in order for them to really scale to a marketplace it would make a lot more sense for them to buy one of the leaders in the marketplace they want to get in to." "Roku and Facebook together could be a big boon for some of the publishers looking to find the right audiences," said Redniss. Roku's market cap is $4.56 billion, compared to Facebook's $39 billion in cash and cash equivalent on hand.

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Apple posts stronger-than-expected Q2 results
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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