I’m not one to pay much attention to how profitable Amazon, as a whole, is doing or care about things like quarterly reports and earnings calls. I don’t think I’ve ever written about such things, but during yesterday’s earnings call, Amazon CEO Jeff Bezos said “our 2017 projections for Alexa were very optimistic, and we far exceeded them. We don’t see positive surprises of this magnitude very often — expect us to double down.” It’s obvious to anyone that Amazon is pushing hard to advance Alexa’s capabilities, but it seems like we’re only on the cusp of what the voice assistant will become.
Amazon’s last financial quarter, which included the Amazon Echo Dot and the Fire TV Stick as the #1 and #2 best-selling products on Amazon’s website, was apparently the most profitable quarter Amazon has ever had.
Amazon tends to be a company that invests most of their profits back into their products and services. With record profits, best-selling hardware, and a push to double down on Alexa, we’re likely going to see some interesting new devices from Amazon in the months and years to come. They certainly won’t all be successful, but it should, at least, be an interesting ride that I look forward to covering.