Doubts linger about Amazon's new phone
Even if the phone itself isn't hugely successful, it shows investors that the company will continue to redefine the shopping experience.
In Motley Fool's Stock of the day, Motley Fool tech analyst Jamal Carnette and Matt Trogdon discuss Amazon's (AMZN) moves into the smartphone space.
The market seems to be sobering up after its initial euphoria. And that's understandable, since it will be hard for Amazon to compete with smartphone giants Apple (AAPL) and Samsung on hardware specs and ecosystems.
But Jamal argues that isn't what Amazon is trying to do.One of its defining features is Firefly, a feature that allows you to take a picture of any product and instantly buy it through Amazon's marketplace -- or put it on your wish list. That's what Jeff Bezos is trying to do, to disrupt the business model of cell phones by making it a "phone-shaped buying device" rather than a mere phone.
Even if the phone itself isn't hugely successful, what it shows to investors is that Amazon will continue to redefine the shopping experience -- it is a great long-term buy.
The Motley Fool's 12 top stocks for 2014 are now available! So if you're tired of picking stocks out of a hat and hoping that one skyrockets, check out Stocks 2014: The Investor's Guide to the Year Ahead. It's The Motley Fool's current top report, and includes Chief Investment Officer Andy Cross's top stock for 2014!
This under-the-radar company is the secret winner in the war for the last precious drops of oil on the planet. Find out what it is and how you can take advantage of this unseen company's huge profits in this special, free report, just click here now.
Buddyboy....Sounds like if your T-phone transformed into a tent, or had wheels on it....
You wouldn't need anything else..??
Well except maybe for a woman?....They usually aren't impressed, by just phones.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
These companies won't soar like other plays in the sector, but they make for great income sources.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.