Amazon Stock Forecast: Amazon (NASDAQ: AMZN) Is Soundly Beating Apple In Smart Speakers

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

AMZN Stock Forecast

Summary:

  • Congratulations to Amazon. It looks like Apple’s HomePod smart speaker is a flop.
  • As per the Q1 2018 report of Strategy Analytics, Apple only shipped out 600,000 units of the HomePod. This is way below expectations.
  • Amazon again topped the Q1 rankings. It shipped out 4 million Alexa-powered Echo smart speakers. This will only compel third-party developers to create more skills for Echo speakers.
  • Amazon touts 43.6% share of the 9.2 million (up from 2.4 million in Q1 2017) smart speakers shipped in Q1 2018.
  • Even if Apple produces a more affordable version of the $349 HomePod, Amazon’s long-term leadership in smart speakers will remain intact.

AMZN stock forecastRead The Full Premium Article

Subscribe to receive exclusive PREMIUM content Here