In today's edition of Motley Fool's Stock of the day, Motley Fool tech analyst Jamal Carnette and Matt Trogdon discuss Amazon's (NASDAQ: AMZN ) moves into the smartphone space.
The market seems to be sobering up today after its initial euphoria. And that's understandable, it will be hard for Amazon to compete with smartphone giants Apple and Samsung on hardware specs and ecosystems.
But Jamal argues that isn't what Amazon is trying to do. One of its defining features is Firefly, a feature that allows you to take a picture of any product and instantly buy it through Amazon's marketplace – or put it on your wish list. That's what Jeff Bezos is trying to do, to disrupt the business model of cell phones by making it a "phone-shaped buying device" rather than a mere phone.
Even if the phone itself isn't hugely successful, what it shows to investors is that Amazon will continue to redefine the shopping experience – it is a great long-term buy.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!