Amazon.com Just Expanded Its Smart Home Lead Over Apple and Google
Amazon.com (NASDAQ: AMZN) has emerged as a somewhat unexpected leader in the smart home market, thanks to Alexa and its growing portfolio of Echo devices. Rivals like Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google are also making concerted pushes into the smart home, but are still playing catch-up. In addition, Alphabet subsidiary Nest is expanding its smart home lineup, but Nest works across platforms (including Alexa) and isn't competing on the platform front like Apple and Google.
With the introduction of a handful of new Echo products ahead of the holiday shopping season, Amazon just expanded its lead in a big way.
Image source: Amazon.
Source: Fool.com
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