Amazon.com (AMZN) Doesn't Completely Rule Out Smartphone Plans
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Amid rumors over the past year or so that Amazon.com (Nasdaq: AMZN) might release a smartphone sometime soon, the company said it wouldn't. N
Not in 2013, anyway.
Recent market speculation had Amazon with plans to debut a branded-smartphone before the end of 2013. Chatter came from finance blogger Jessica Lessin.
Speaking to Bloomberg, Amazon spokesperson Drew Herdener said the company has no plans to introduce a smartphone this year. He also noted that, should the company decide to move forward with a smartphone, it would't be free for users.
Amazon is said to have been working with Foxconn Int'l over design and construction of a device to compete alongside Apple (Nasdaq: AAPL), Samsung, and Google (Nasdaq: GOOG), the largest smartphone players in the industry.
Selling a smartphone would allow Amazon to offer a customized shopping and media consumption experience for users, with the ultimate goal being able to drive sales higher.
Shares of Amazon are up in early trading Monday.
Not in 2013, anyway.
Recent market speculation had Amazon with plans to debut a branded-smartphone before the end of 2013. Chatter came from finance blogger Jessica Lessin.
Speaking to Bloomberg, Amazon spokesperson Drew Herdener said the company has no plans to introduce a smartphone this year. He also noted that, should the company decide to move forward with a smartphone, it would't be free for users.
Amazon is said to have been working with Foxconn Int'l over design and construction of a device to compete alongside Apple (Nasdaq: AAPL), Samsung, and Google (Nasdaq: GOOG), the largest smartphone players in the industry.
Selling a smartphone would allow Amazon to offer a customized shopping and media consumption experience for users, with the ultimate goal being able to drive sales higher.
Shares of Amazon are up in early trading Monday.
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