Amazon Alexa is on pace to lose $10B this year
arstechnica.com
Amazon Alexa is on pace to lose $10B this year
1–10 of 378 posts
Re: Amazon Alexa is on pace to lose $10B this year
#2so it's not just the metaverse that is bleeding money
Re: Amazon Alexa is on pace to lose $10B this year
#3Not surprised by this in the least.
Re: Amazon Alexa is on pace to lose $10B this year
#4Would be interesting to know the point at which return in utility petered out from zero to $100 Million to $10 Billion.
Re: Amazon Alexa is on pace to lose $10B this year
#5This is wonderful news.
My gf has one in her living room. It is only used to play music, set a timer (usually watch is used) and adding things to a (third party) grocery list. Plus it's listening all the time to what goes on.
I had one alexa device: a scanner that would read a barcode and add it to a shopping list (or you could talk to it -- ugh, had to keep it in a drawer). It was handy as I ran out of milk to just scan it and forget about it, so that I would see "milk" when at the shop. But they discontinued that device.
Re: Amazon Alexa is on pace to lose $10B this year
#6duplicate of:
Amazon Alexa is a “colossal failure,” on pace to lose $10B this year https://news.ycombinator.com/item?id=33700160
Re: Amazon Alexa is on pace to lose $10B this year
#7I think its great! It’s my alarm and does all the lights. Tells me jokes and the weather.. What more would I use it for?
Re: Amazon Alexa is on pace to lose $10B this year
#8so it's not just the metaverse that is bleeding money
I always viewed Alexa as Amazon's way of enabling future re-investment of profits. The second you show w-street profit, they want it to only ever grow with future dividends. Amazon's entire model is growth over all else.
I've wondered if Alphabet's X/Waymo division operates in a similar manner. Giving future Alphabet a way to cut costs when it's growth stalls.
Re: Amazon Alexa is on pace to lose $10B this year
#9This is wonderful news. My gf has one in her living room. It is only used to play music, set a timer (usually watch is used) and adding things to a (third party) grocery list. Plus it's listening all the time to what goes on. I had one alexa device: a scanner that would read a barcode and add it to a shopping list (or you could talk to it -- ugh, had to keep it in a drawer). It was handy as I ran out of milk to just…
I'm curious, did you actually verify that "it's listening all the time to what goes on"? The Echo devices are supposed to only turn on full power and start listening when they detect the activation word ("Alexa" by default).
Re: Amazon Alexa is on pace to lose $10B this year
#10so it's not just the metaverse that is bleeding money
without AWS Amazon would be losing money not making a profit. its been around the financial / wsb reddit and twitter lately.