Amazon boss makes joke – stirs speculation
The thing about companies like Amazon – the ecommerce titan leading everything from online retail to cloud hosting to virtual personal assistants – is that people love to speculate about what’s coming next. Last week, the company’s founder, Jeff Bezos, added fuel to the fire with what could have been an innocent joke… or what may be a veiled reference to an upcoming product line.
Amazon’s share price has risen by 56% so far this year
SOURCE: Yahoo Finance
Bezos tweeted a picture of what looks like an Echo speaker (the “housing” for Amazon’s virtual personal assistant Alexa) duct taped to a Roomba (one of those robot vacuum cleaners that moves around the house unaided). The picture was captioned: "What?!!!! Found this in the living room when I got home. I have no idea. #LifeWithFourKids".
Undoubtedly, Bezos was having a little fun. But investors are speculating online as to whether this “joke” doubles as a teaser for an upcoming piece of tech the company could have planned. Is a mobile virtual personal assistant a possibility? It might not be beyond the realms of possibility – Amazon is, allegedly, working on its first “home robot” which has been described by some as a “mobile Alexa” (according to tech publication The Verge).
Bezos stirred further rumours when he commented in an earnings release: “we want customers to be able to use Alexa wherever they are." Now, apparently, he was talking about a new Alexa smartphone that the company’s been working on. But could it be a robot?
Dominion holds Amazon in its Global Trends Ecommerce Fund.
If you would you like to receive the Newsfeeds daily, please click here to sign up now!Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
- Click here to print this story: Print
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.