Retail giant Amazon (NASDAQ:AMZN) is sitting close to all-time highs after reporting its third-quarter results. Investors cheered Amazon meeting bottom-line expectations of a $0.09 loss, but providing a healthy revenue beat by reporting $17.09 billion.
However, investors continue to shrug off delays of Amazon's set-top box dubbed Fire Tube. Do these delays signal a greater trend? Is Peter Lynch's theory of deworsification applicable here?
Amazon uses a forked version of Google's (NASDAQ:GOOGL) Android operating system--Fire OS. Also, it is reported that Amazon will allow third-party apps available on Fire OS. What does the mean to the existing market, including Google's own Chromecast and Apple (NASDAQ:AAPL) TV? Can Amazon disrupt this market like they disrupted retail? What do investors of Amazon, Google, and Apple need to know?
In this segment of Tech Teardown, Erin Kennedy discusses Amazon's Fire Tube delays with Jamal Carnette and Evan Niu, CFA.