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.

Does Inc. (AMZN) Have KindleTV Plans? Inc. (NASDAQ:AMZN) is holding a press event Thursday in Los Angeles, presumably to announce the latest incarnation of the Kindle Fire, of which the company sold out completely last week. There has been a lot of speculation that the company is likely to introduce an upgraded Kindle Fire, and perhaps a larger model to more directly compete with the iPad by Apple Inc. (NASDAQ:AAPL) – just a few days before Apple is expected to reveal its iPad Mini to more directly compete with the Fire and the Nexus 7 by Google Inc. (NASDAQ:GOOG). (NASDAQ:AMZN), The Washington Post (NYSE:WPO), Berkshire Hathaway Inc. (NYSE:BRK.A), Apple Inc. (NASDAQ:AAPL)

While it has seemed pretty certain that two new tablets are likely on the Inc. (NASDAQ:AMZN) agenda Thursday, there has been some recent buzz that this unveiling event may also include a device that could bring into the realm of digital television. This speculation follows on the heels of the company’s attempt to buy Web TV-box maker Roku earlier this year, and it seems to translate into Inc. (NASDAQ:AMZN) either possibly developing its own set-top TV box – or perhaps some Kindle Fire docking device that would allow video streaming from the Fire to appear on a TV.

Other than the buzz, there has been no hard evidence that any such device was coming on-line, so this would be an unveiling that would be a true Hollywood ending. Nonetheless, Inc. (NASDAQ:AMZN), with its previous pursuit of Roku (which was purchased by News Corp., the parent company of Fox News and the Wall Street Journal) is right along with Apple Inc. (NASDAQ:AAPL) knows that the next technology “space race” is in digital television, where Microsoft Corporation (NASDAQ:MSFT) launched its Sputnik, the Xbox, several years ago to gain a foothold in American family rooms. Chances are Inc. (NASDAQ:AMZN) will offer its TV device soon in order to stay in the race for TV market share.

Whether KindleTV is in the short-term future is a matter of speculation at this point. But certainly the idea of Inc. (NASDAQ:AMZN) expanding its product offerings to another platform would seem sensible at this point in the technology race. Investors in stock will be watching Thursday’s unveil event with interest, including hedge-fund manager Ken Fisher of Fisher Asset Management.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.