Market Chatter: Amazon Developing New Smartphone

MT Newswires Live03-20 18:52

Amazon.com (AMZN) is developing a new smartphone, marking a potential return to the category more than a decade after its failed Fire Phone, Reuters reported Friday, citing people familiar with the matter.

The project is being built within the company's ZeroOne division and is designed as a mobile personalization device integrated with Alexa and Amazon's broader ecosystem, the report said.

The device is expected to emphasize artificial intelligence capabilities, potentially reducing reliance on traditional app stores and enabling deeper integration across services such as shopping, Prime Video, and music, according to the report.

Amazon.com did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment