AMZN Stock: 6-Ounce Device Could be Game Changer for Amazon.com, Inc.

While this week’s tech and business headlines have focused on “iPhone 7” sales, another important piece of consumer data slipped below the radar: sales of Amazon.com, Inc.’s (NASDAQ:AMZN) “Echo Dot.” Analysts are now thinking that Amazon stock is the leading play on the Internet of Things (IoT). The entire “Echo” series is powered by “Alexa,” a voice-recognition system which uses artificial intelligence (AI). You can ask it questions, get it to order you pizza, or switch off your lights. Amazon is setting up Echo devices as a gateway into the home, which is what IoT is all about; connecting the home. The original Echo was a full voice-controlled speaker that ran customers about $179.99. It sold extremely well, prompting the company to release the “Echo Tap” and Echo Dot as companion products.…


Link to Full Article: AMZN Stock: 6-Ounce Device Could be Game Changer for Amazon.com, Inc.