Amazon Echo: How It Fairs In The Competition For The Consumer Living Room

0
742

Things have been getting intense as tech firms such as Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Sony Corp (ADR) (NYSE:SNE) and many others fight for a position in the living room, particularly in the entertainment sector. Amazon.com, Inc. (NASDAQ:AMZN) has also not been left behind. The company has a few gadgets and online features targeting the living room consumer and Amazon Echo is now among the top items on the list.

Amazon recently announced that US clients can gain access to its Echo smart assistant without the need for an invite. Sure the Echo is interesting but other audio control features such as Siri, Cortana and Google Now are becoming more refined. The Echo will retail at $179.99 and will give users access to utilities such as weather, recipes, and much more. Echo will notably place Amazon on a good position in the IoT market.

It operates via audio command just like its counterparts from Apple and Microsoft. It can thus respond to the user’s request through audio and execute orders such as playing music, acting as a Bluetooth speaker for the user, or even reading audio books. One of the most notable features is the ability to use Echo to make purchases on Amazon.com.

The device will even feature an application that users can use to connect to other devices through WIFI. Alternatively, users can control the device using a remote controller keeping noisy situations in mind. Amazon Echo has a lot of potential, and it is certainly at the center of the company’s IoT plan. There are plans to bring additional utilities on board to exploit the many opportunities that the product creates. As firms shift towards the IoT space, Amazon boasts of good leverage with the Echo device. However, the competition is stiff, and that calls for more creativity.

Amazon.com, Inc. (NASDAQ:AMZN) recently announced a cloud-based service called SDK and $100 million that the company has set aside to encourage developers to make apps for Echo.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.