Thursday, October 23, 2014

Amazon Spends and Grows, but Still Wants for Money - NYTimes.com

Fire Phone fiasco forgiven

"Analysts are generally enthusiastic. Cowen and Company said this week that it expected Amazon to lose “only” 57 cents a share. Colin Gillis of BGC Partners, usually somewhat skeptical of Amazon, issued an upbeat note that focused on the potential of the company to use its various hardware for an advertising network.

“We are actually mildly positive on the potential of the current investment cycle as Amazon builds an ecosystem with its Kindle readers (success), tablets (mild success), App store (mild success), Fire TV (limited traction but a good product) and phone (failure, priced too high and limited distribution),” Mr. Gillis wrote. He noted that the retailer knows where its tens of millions of customers live, what they like and how they consume."
Amazon Spends and Grows, but Still Wants for Money - NYTimes.com
Post a Comment