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Is Amazon Building An Unnecessary Smartphone?
Friday, May 2, 2014 - 3:25pm | 522New images continue to indicate that Amazon (NASDAQ: AMZN) is building its first smartphone. But is this a product that the company actually needs to release? Needham & Co. analyst Kerry Rice thinks Amazon should not bother entering this crowded and highly competitive market. "I don't...
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Amazon's 'Big Spender' Act Not Impressing Investors
Monday, April 28, 2014 - 1:21pm | 693Amazon.com (NASDAQ: AMZN) shares continued dropping Monday after CEO Jeff Bezos told investors last week the company would continue spending-as-usual. Amazon shares were trading at $290.01, down $13.82 or 4.55 percent at midday Monday. One of the key drivers of investor malaise seemed to be the...
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Amazon Revenue Grows Despite Spending Increase
Friday, April 25, 2014 - 9:52am | 666Amazon (NASDAQ: AMZN) closed up nearly four percent Thursday at $337.15, prior to an earnings report that featured higher than expected revenue growth and earnings that met analysts’ diminished forecasts. The revenue growth came despite an increase in spending on such items as technology,...
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Amazon Earnings Preview: 'Strategy Road Map' Concerns Wedbush
Monday, April 21, 2014 - 4:05pm | 301Amazon.com (NASDAQ: AMZN) is set to report earnings this Thursday, April 24, and Wedbush is expecting the technology giant to report revenues in line with above-consensus estimates. The firm is also maintaining its Neutral rating and has set its 12-month price target at $330 per share. Wedbush...
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Weekly Highlights: Amazon's First Smartphone, Google's Latest Acquisition And More
Sunday, April 20, 2014 - 11:04am | 176This week was an unusual one. Instead of being dominated by headlines from Apple, the week proved to be ruled by Google (NASDAQ: GOOG). The search engine giant made a key acquisition, filed a promising patent, and received investor hype from Jim Cramer. Amazon (NASDAQ: AMZN), whose newly...
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Report: Amazon 3D Smartphone Coming in June
Monday, April 14, 2014 - 10:52am | 602Amazon (NASDAQ: AMZN)’s long rumored 3D Smartphone was almost ready to go, according to sources who spoke to the Wall Street Journal. The device could be officially announced as early as June and begin shipping by the end of September. According to sources, the company demonstrated different...
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Amazon's Fire TV Could Excel As Secondary Game Console
Tuesday, April 8, 2014 - 10:30am | 527Amazon's (NASDAQ: AMZN) Fire TV is unlikely to compete with PlayStation 4 or Xbox One, but it could still worm its way into gamers' homes. "Success of the product as a secondary console could certainly emerge," IBISWorld analyst James Crompton told Benzinga via e-mail. Crompton outlined a few...
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Amazon's Fire TV Could Woo Indie Developers
Monday, April 7, 2014 - 10:26am | 652Sony, Microsoft and Nintendo have fought for the support of independent developers, but their job could get a lot more difficult now that Amazon (NASDAQ: AMZN) has entered the fray. Christine Arrington, the Senior Games Analyst at IHS Electronics & Media (NYSE: IHS), believes that Amazon's new...
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Weekly Highlights: iPhone 6 Production, Fire TV Announcement, Google Troubles And More
Sunday, April 6, 2014 - 11:13am | 146Another week, another batch of rumors relating to Apple's (NASDAQ: AAPL) long-awaited iPhone upgrade. Not to be outdone, Amazon (NASDAQ: AMZN) finally put its own rumors to rest and unveiled its first set-top box. Unfortunately, not many analysts were eager to talk about it. And one analyst who...
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Amazon's Fire TV Is a 'Nonevent' For Gamers
Thursday, April 3, 2014 - 9:32am | 438Amazon (NASDAQ: AMZN) has delivered its first game console in the form of a set-top box called Fire TV. Available to order at Amazon.com, Fire TV can stream movies, music and TV shows, just like other set-top boxes. This one comes with a couple of bonuses (such as voice search) that set it apart...
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Did Analysts Ignore Amazon's Fire TV Announcement?
Wednesday, April 2, 2014 - 2:37pm | 515Analysts are being unusually quiet about Amazon's (NASDAQ: AMZN) big announcement. The online retail giant unveiled its first set-top box this afternoon, which is now available on Amazon.com. The long-rumored $99 device plays games, music, movies and TV shows, and includes a couple of features...
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Amazon Fire TV Announced: Does It Live Up To Rumors And Expectations?
Wednesday, April 2, 2014 - 12:55pm | 967Amazon (NASDAQ: AMZN) delivered on its promise to announce the next chapter in its video business, but is this what consumers wanted -- or expected? According to The Verge's live blog of Wednesday's event, Amazon unveiled a compact video streaming device called Fire TV. Contrary to one of the...