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June 18, 2014

A look at Amazon's impact on markets

  • Amazon has five times the cloud computing capacity of the next 14 service providers combined, but the Kindle Fire has fallen to only 2 percent of global tablet shipments.
    Associated Press

    NEW YORK — Amazon, a company of seemingly boundless ambition, appears to be venturing into yet another market: smartphones.

    The corporate juggernaut that started out with books and soon moved into music, video, cloud computing and Kindle e-readers is hosting a launch event today in Seattle, and media reports indicate the product will be an Amazon phone — perhaps one with multiple cameras that can produce 3-D photos.

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