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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Friday, October 27, 2017

Amazon Cranks Up Technology and Content Spending

Amazon reported a 29% year-on-year increase in net sales on a like-for-like basis to 43.7 billion US dollars in the third quarter. However, its spending on technology and content in the first nine months of 2017 rose 41% year-on-year to 16.3 billion dollars, as Amazon pushes hard to establish its Alexa personal assistant as a new consumer computing platform.

“In the last month alone, we’ve launched five new Alexa-enabled devices, introduced Alexa in India, announced integration with BMW, surpassed 25,000 skills, integrated Alexa with Sonos speakers, taught Alexa to distinguish between two voices, and more. Because Alexa’s brain is in the AWS cloud, her new abilities are available to all Echo customers, not just those who buy a new device,” said Jeff Bezos, Amazon CEO. “And it’s working — customers have purchased tens of millions of Alexa-enabled devices, given Echo devices over 100,000 5-star reviews, and active customers are up more than 5x since the same time last year. With thousands of developers and hardware makers building new Alexa skills and devices, the Alexa experience will continue to get even better.”  source: Amazon statement

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