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.

By Motley Fool Jun 20, 2014 10:23AM

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.Caption: An office building occupied by Amazon.com in Sunnyvale, Calif.
Credit: © Kristoffer Tripplaar/Alamy

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.


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Tags: AAPLAMZN
5Comments
Jun 20, 2014 12:15PM
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Another losing proposition from Amazon.
Jun 20, 2014 8:16PM
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I'm an Amazon prime member, and the last thing I need is a phone/shopping device.  I already have a T-Mobile phone that lets me make calls, takes and sends pictures, plays games, tells me the weather, shows me my calendar, allows me to read books and newspapers, attaches me to social media, and lets me cruse the internet....sometimes I even use it for a flashlight.  Isn't that enough? 
Jun 21, 2014 2:35PM
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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.

Jun 20, 2014 11:39AM
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Anyone who buys a device branded by a retailer is nuts.  All these social diseases will soon fade or pass away and who wants to be tied to any one retailer.  Why not just get an "idiot" tattoo your forehead.
Jun 20, 2014 1:27PM
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What we really need is a Target phone with all your credit and debit cards stored in it!
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