How Amazon & Alexa Are Dominating the Smart Home Market... For Now.

Most products are not capable of becoming the default for an entire category. But most products are not Amazon's (NASDAQ: AMZN) suite of Alexa-enabled home devices. 

The tech giant's Echo, Echo Dot, and other products have essentially defined the smart devices for consumers and put Amazon in first place for smart speaker shipments. But Jeff Bezos and company aren't trying to make gobs of money off selling the products -- the whole offering is part of Amazon's larger plan to extend the reach of its ecosystem.

In this video from our YouTube channel, we break down exactly how dominant Amazon is in the smart speaker market and highlight the Chinese upstart that is trying to eat away at its market share. 

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Source Fool.com