Facebook Has Little Chance To Compete With Amazon.com, Inc. (AMZN) In The Smart Speaker Market

NASDAQ: AMZN | Amazon.com, Inc. News, Ratings, and Charts

AMZN – Facebook’s lack of trust among the public may mean its smart speaker is already a failure.

Amazon.com, Inc. (NASDAQ:AMZN) is hands down the winner of the early innings of the smart speaker wars.

Its Echo speakers and other devices, along with its Alexa voice assistant, have become ubiquitous in U.S. homes. Amazon clearly dominates the market, enjoying an early-mover advantage along with tight integration with its other services.

With Facebook set to launch its own smart speaker soon (which is reportedly called “Portal”), Mashable notes that the social media giant has very little chance to compete in the crowded space:

I’m not trying to pick on Facebook but, of everything we’ve heard about the yet-to-be-revealed Portal speaker, nothing suggests that it can overcome what will likely be its biggest hurdle: that nobody trusts Facebook anymore. If you think an Alexa-enabled microwave sounds creepy, how do you think people will react to a Facebook-branded smart speaker with an AI-infused camera?

I’m not saying that one company has better or worse intentions than the other. There’s plenty of reasons to be skeptical of both. But Amazon has some considerable advantages that Facebook doesn’t.

The advantages include being first to market, having multiple generations of devices now (with accompanying design and feature improvements), and a general trust from consumers that Facebook clearly lacks.

Amazon.com, Inc. shares closed at $1,915.01 on Friday, down $29.29 (-1.51%). Year-to-date, AMZN has gained 63.75%, versus a 10.35% rise in the benchmark S&P 500 index during the same period.

AMZN currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 54 stocks in the Internet category.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NASDAQ: INTU | Intuit Inc. News, Ratings, and Charts

Intuit (INTU) issues guidance following U.S. tax season, stock falls

Intuit Inc. INTU, -5.25% stock fell roughly 5% in after-hours trading Thursday.
NASDAQ: SBUX | Starbucks Corporation News, Ratings, and Charts

Starbucks (SBUX) reports Q2 earnings, raises forecast

The company beat earnings expectations and raised its full-year profit forecast.
NYSE: F | Ford Motor Company Common Stock News, Ratings, and Charts

Ford (F) reports Q1 earnings, shares jump

Ford Motor Co. stock rose more than 7% in the extended session Thursday after the carmaker reported first-quarter earnings.
NASDAQ: AMZN | Amazon.com, Inc. News, Ratings, and Charts

Amazon (AMZN) reports Q1 earnings, beats estimates

Amazon reported a huge beat on profits and matched estimates for revenue in its first-quarter earnings results.
NASDAQ: INTC | Intel Corporation News, Ratings, and Charts

Intel (INTC) reports earnings, stock plunges

In first earnings report as permanent CEO, Bob Swan says ‘we expect market conditions to improve in the second half’.

Read More Stories


More Amazon.com, Inc. (AMZN) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All AMZN News
Page generated in 1.3322 seconds.