Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Amazon.com, Inc. (AMZN) Brings 27% More Brains Into Smart-Home Devices’ Development

Amazon.com, Inc. (NASDAQ:AMZN) has reported intentions of boosting its Silicone Valley hardware unit staff by 27%. Their team will be working on internet connected smart-home devices for the next 5 years, according to CNBC‘s Squawk Alley crew. The e-commerce giant is looking for a new angle from which to rip profits.

Amazon Video Streaming Deal

Amazon.com, Inc. (NASDAQ:AMZN)’s brought a lot of new inventions, starting from its novel approach towards commerce, moving onto Kindle Fire, which was a great success, and ending with Amazon Fire Phone, which wasn’t as great as the company hoped. Now, it wants to create its own ecosystem by helping people establish a fully electronic home.

“Amazon is moving its strategic center into the home, with its grocery play, now the connected home idea. You can imagine, with alarm systems, with things like that, which Google has moved into, with Nest, which Apple is attacking with Home Kit,” said Jon Fortt.

It could be a starting point for Amazon.com, Inc. (NASDAQ:AMZN) if it manages to reach customers before Google Inc (NASDAQ:GOOGL) or Apple Inc. (NASDAQ:AAPL) manages to mesmerize them. There’s a tough battle ahead of the commerce giant and the wounds are still fresh due to Alibaba Group Holding Ltd (NYSE:BABA) performance, but Amazon.com, Inc. (NASDAQ:AMZN) has no other option than succeeding. After all, its factory is not in its initial stage of development.

“I think it’s already more than a trial and error factory. Amazon is so big in terms of its ecosystem, longing to get to the engagement that people have in e-commerce. Their hardware strategy is to drive usage on that platform in the mobile era as we move to internet of things and the home being the center of that,” added Jon Fortt.

Considering that the home internet connected appliances will be a tremendously big market, it will be beneficial to enter right at the beginning, before having to step on some other company’s turf to have a share of profits and Amazon.com, Inc. (NASDAQ:AMZN) perfectly understands the finesse of the situation.

Disclosure: none

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Loading...