Amazon Throws Down the Gauntlet at These 5 Companies
Amazon (NASDAQ: AMZN) just unveiled a wide range of new products at its annual hardware event on Sept. 28. The gadgets mainly fall into three categories: smart home devices, video chat tools, and connected fitness products. Let's examine these new devices and see how they could help Amazon challenge five very different companies.
Amazon and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google currently lead the U.S. smart speaker market. Amazon's Echo devices controlled 69% of the market in June, according to CIRP, while Google's Home devices claimed 25% of the market.
To maintain that lead, Amazon expanded its Echo lineup again with the Echo Show 15, a 15.6-inch smart screen which can be mounted on a wall like a digital photo frame or small television.
Source Fool.com
