Zoom Video Launches 'Hardware as a Service'

Shares of videoconferencing superstar Zoom Video Communications (NASDAQ: ZM) are sagging in afternoon trading Tuesday, down a fraction of 1% -- but the news today isn't actually bad at all.

This morning, Zoom announced that it is adding a new business model, offering "hardware as a service," or "HaaS," giving its customers the opportunity to basically lease Zoom-branded desk phones, conference phones, and headsets (collectively described as "Zoom Phone") for use in video-less teleconferences, as well as Zoom Room equipment, which facilitate video conferencing with large screens, HD cameras, and interactive whiteboards.

Image source: Getty Images.

Source Fool.com