Companies from Apple to Roku warned not to expect the same hyper growth investors saw in 2020.
To be clear, the biggest tech companies still expect to show nice growth in the third quarter, but warned they have lapped the hyper growth they saw last year. And it all appears to be a result of people turning away from tech and getting back out into the real world as the economy opens up and more folks get vaccinated.
As tech earnings season comes to a close, here's what we learned about the pandemic boom coming to an end throughout the sector.Roku shares were down 6% as of Thursday morning after the company said in Wednesday that total streaming on its platform fell by 1 billion hours from the previous quarter. The company also said its hardware margins greatly tightened as it grappled with supply chain issues.
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