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Amazon Announces Echo Show Home Voice Assistant

Posted by on May 9, 2017 6:07 PM
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Categories: Stocks

May 09, 2017: announces ‘Echo Show’ home voice assistant device, priced at $230; includes screen for video calls; available June 28, 2017. Amazon ad says, “Echo Show brings you everything you love about Alexa, and now she can show you things. Watch video flash briefings and YouTube, see music lyrics, security cameras, photos, weather forecasts, to-do and shopping lists, and more. All hands-free—just ask.”

May 08, 2017: Amazon plans to launch an updated Echo device with a screen and phone/videoconferencing capabilities. The new product may be released as soon as this week. Rumor is it will have a premium speaker and include 7″ touch screen and Alexa technology.

April 27, 2017: reports Q1 EPS of $1.48 versus the $1.03 estimate. Revenue also beat coming in at $35.7 billion versus the $35.4 billion estimate.

The CEO Jeff Bezos said, “Our India team is moving fast and delivering for customers and sellers. The team has increased Prime selection by 75% since launching the program nine months ago, increased fulfillment capacity for sellers by 26% already this year, announced 18 Indian Original TV series, and just last week introduced a Fire TV Stick optimized for Indian customers with integrated voice search in English and Hindi.”

April 20, 2017: According to reports in the mainstream media, NJ Gov Christie said to make Amazon jobs announcement tomorrow.

April 10, 2017: Needham raised to a Buy rating, from Hold, and set a price target of $1,100. Needham believes Amazon’s established dominance in U.S. is sustainable with Prime, mobile penetration and third-party growth. Internationally, Needham thinks Europe provides the most near-term upside with proven playbook from U.S., U.K., and Germany.

April 10, 2017: Piper Jaffray/Simmons reiterates with an Overweight rating, and a price target of $1,000. The price target was raised to $1,000 from $900. Piper states their Spring 2017 Taking Stock With Teens Survey of more than 5,500 US teens showed Amazon gaining mindshare (43% vs. 40% in Fall 2016) and that Prime adoption continues across demographics. Piper notes 60% of respondents indicated their family had a Prime membership, vs. 58% in Fall 2016 and 51% in Spring 2016.

April 10, 2017: Amazon Business teamed up with Visa to provide enhanced transaction data on customer purchases made with Bank of America Merrill Lynch, Citi, and PNC U.S. issued Visa commercial cards. With enhanced transaction data, Amazon Business customers will receive additional details on their purchases and can easily reconcile their business purchases, resulting in increased speed, visibility and accuracy of expense recording. Along with other Amazon Business benefits, such as Free Two-Day Shipping on tens of millions of eligible items, multi-user business accounts, approval workflows, tax exemptions and dedicated customer support, enhanced transaction data provides corporate card administrators with greater visibility and control over their organization’s spending.

April, 5, 2017: Inc pays $50 million for streaming rights to NFL Thursday Night games.

April 2, 2017: Folks I’ve been stalking Amazon’s stock for nearly a year now waiting for a good entry. I give up. I’m buying Amazon in my personal trading account. I could go into all this boring analysis but let’s just cut to the chase: Amazon is going to rule the planet.

March 30, 2017: Loop Capital initiates coverage of Amazon with a Buy rating and a price target of $1,100.

March 29, 2017: Amazon planning to offer mobile phone service in Germany by offering its own SIM cards. Initial discussions with network providers have already taken place.

March 29, 2017: Cantor Fitzgerald reiterates Amazon with an Overweight rating and sets a price target of $970.

March 28, 2017: Barclays resumed coverage of Amazon with an Overweight rating and a price target of $1,120. Barclays says new disclosure suggests AMG (Amazon Media Group, aka the “ads business”) may be 23% of Google PLA today and using a modest growth assumption would reach parity in 6 to 8 years.

Amazon Stock Chart opened in July 1995. The company is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon.