Why Does Amazon Want To Sell Its Own Smartphone, Anyway 60
curtwoodward (2147628) writes "Amazon is well-established as an e-commerce and cloud computing pioneer. So why do its ambitions include a bigger push into consumer electronics, including a long-rumored leap into the very competitive smartphone market? In a word, control — of data, consumer profiles, and royalties on purchases."
Comment removed (Score:4, Interesting)
Re:Bottom pop up ads on slashdot (Score:5, Interesting)
A stillborn, hopefully...
Re:expand or die (Score:4, Interesting)
In a previous /. topic, it was stated that shareholders want growth above everything, and that a firm with a market niche that was profitable was considered far less attractive than one that was operating at a net loss, but was expanding into new markets and buying out other companies [1].
Amazon is playing the market quite smartly. Shareholders want growth, Amazon is giving them what they want. I wouldn't be surprised to see an Amazon MP3 player (although that market is a tired one), if it kept the shareholders thinking the company was "growth-focused".
[1]: Maybe it is a good thing long-term. Buy companies like IBM or GE that are established and have stocks paying dividends, and hold those until this "growth" fad dies off and the stocks of functioning companies becomes mainstream again.