Amazon boss makes joke – stirs speculation
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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

graph 0708 amazon

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?

Disclosure

Dominion holds Amazon in its Global Trends Ecommerce Fund.


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