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.
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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.
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A light news day combined with heavy technicals weighed on the market.
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