The following video is part of our nationally syndicated Motley Fool Money radio show, in which host Chris Hill and advisors Ron Gross, James Early, and Joe Magyer analyze the week's business and investing news. In this segment the guys discuss reports that Amazon.com is working on a smartphone to release in late 2012, the wisdom of such a strategy, and what it could mean for competitors such as Apple and Nokia.

Chris Hill owns shares of Amazon.com. The Motley Fool owns shares of Apple, Citigroup, and Google. Motley Fool newsletter services have recommended buying shares of Amazon.com, Apple, and Google and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.