Consumer Electronics

Will an Amazon Smartphone Destroy BlackBerry and Windows Phones?

Amazon.com Inc. (NASDAQ: AMZN) is supposed to be releasing a new smartphone on June 18, 2014. At least that is what is being speculated after the company sent out invites on Twitter for a special event on that date. The question is how Amazon can compete in the space, and who it is going after. Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOGL) are almost certainly too entrenched to bet crushed here.

This leaves Microsoft Corp. (NASDAQ: MSFT) and BlackBerry Ltd. (NASDAQ: BBRY) as the most likely targets. There is enough room for more than two players in the smartphone world, but there may not be enough room for one more smartphone maker, if you consider the fate of other smartphone makers.

At Microsoft, Satya Nadella is gunning for mobile and cloud. The Nokia handset acquisition has yet to generate any significant market share wins for the company. It will take time, assuming it works. Microsoft has so many areas to focus on in its turnaround that smartphones may or may not even matter ahead in the grand scheme of things.

BlackBerry phones are effectively now being outsourced. John Chen has helped the company to narrow its focus, but the reality is that the stock is still around $7.65, and many still wonder how it can compete in the new world of smartphones. In fact, analysts are so mixed on the stock that you rarely hear anything of substance from them anymore.

ALSO READ: Amazon Phone’s Big Advantage? Customers

There is also of course Samsung as another player, making its move with and without Google for Android. HTC is there too. So, what can Jeff Bezos bring to the table with a smartphone?

A Yahoo! Finance breakout signals that the rumored smartphone could have a form of 3D enable with multiple cameras. Maybe it is to tie into the Fire TV box. Whatever the deal is, the real issue is which company or two companies are being marked for death by Amazon here.

Jeff Bezos has already shown over and over that profits do not matter any time soon, as long as the company can grab more and more market share in whatever market it is targeting. It has targeted Apple in tablets via the Kindle and it has targeted cable companies and anyone else in content with Fire TV. These initiatives are not free to the company, and it will take some time to figure out who wins and loses here.

ALSO READ: Companies With the Best (and Worst) Reputations

Bezos is targeting someone here. If it is a smartphone, then it is likely that it will be Microsoft or BlackBerry. Now we just have to see what the actual launch is.

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.