Amazon (AMZN) Has Big Dreams for Smart Home Gadgets

Amazon (AMZN) is looking toward a future where all devices in the home are connected.

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Amazon’s Lab126 division, which is responsible for the creation of the Kindle, is looking to add more employees as it starts testing out smart home devices. In 2013 the division reported 3,000 full-time employees. These numbers will increase to 3,757 full-time employees by 2019, reports Reuters.

These employees will likely be part of the company’s effort to work on smart devices. Amazon CEO Jeff Bezos envisions a future where a customer can use a one-touch device to order products while in their kitchen. This would allow them to order items such as cleaning supplies, dish soap and more with ease, Reuters notes.

While Amazon missed out with its Fire Phone, which has had its price reduced to 99 cents, it’s possible that the company may do better in the home. it could benefit from offering quality products at cheap prices, similar to what it’s planning with its new line of Kindle devices.

AMZN shares were up slightly as of Wednesday afternoon.

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Article printed from InvestorPlace Media, https://investorplace.com/2014/09/amzn-amazon-smart-home/.

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