Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Sunday, September 29, 2019 11:37:15 PM
By: Zacks Investment Research | September 26, 2019
Amazon (AMZN) has had a busy couple of days. The e-commerce giant held their annual hardware event on Wednesday in Seattle a day after they announced they would be taking their biggest step yet into healthcare by launching its Amazon Care service for its Seattle employees. Amazon has given prior hints into its interest into diving into the $3.7 trillion market. It is using its Seattle employees as a trial run for their latest healthcare initiative. The firm unveiled new products and features to eager consumers at their annual event.
Amazon Care
As previously mentioned, Amazon’s latest move into healthcare comes as no surprise, as the firm has been making strategic moves over the past few years. Amazon acquired the online pharmacy company Pillpack last June for $1 billion and formed a joint venture with Berkshire Hathaway and JPMorgan Chase (JPM) called Haven, which aims to shake up the healthcare industry. The company has given its AI product, Alexa, some healthcare skills like notifying users when subscriptions need to be filled and provides information on users’ blood sugar levels.
Amazon Care attempts to give consumers the best of both worlds by combining traditional in-person and virtual healthcare. The firm’s new healthcare service provides urgent care for things like colds and infections. They also offer preventative wellness consultations and lab tests, testing for sexually transmitted diseases, and answers to general health questions.
The company then gives these traditional healthcare services a modern twist. Amazon Care offers an in-app chatroom that would connect users seeking medical advice to certified nurses within minutes. The service would also provide clients with video-based appointments with doctors who can provide a diagnosis and recommended treatments for patients. In addition, in-home or in-office visits with medical professionals would also be offered and prescription drug orders would be delivered in as little as two hours.
Alexa Ecosystem Grows
Shortly after announcing its healthcare debut, Amazon unveiled more than a dozen new Alexa-enabled products at its annual hardware event in Seattle. Amazon revealed its new competitor to Apple’s (AAPL) Air Pods, called Echo Buds. The headphones are expected to be retailed at $129, have built in Alexa capabilities, five-hour battery life, and have noise cancelling technology engineered by Bose. It also introduced the $199 Echo Studio, which is larger than previous models and sports high-quality speakers that enable 3D sound.
A new Echo device that Amazon showcased was the Echo Glow. The new Echo product is marketed towards young kids, changing colors when kids tap the top of the device. The product is also Alexa-enabled, allowing consumers to set timers, play music, and turn on “campfire” mode, which sets a warm soothing vibe.
Similar to last year’s event, Amazon revealed a new Alexa-enabled smart kitchen item. The tech giant is launching a $249 smart oven that’s equipped with convention cooking and an air fryer. Users can also scan an item from the Alexa app to get the oven to start cooking. Amazon stated that users who purchase the new smart oven will receive a complimentary Echo Dot. The e-commerce company also revealed new Alexa features like “door concierge” that adds a voice assistant to the Ring smart doorbell system. Another Alexa feature that was introduced was the ability to mimic celebrity voices. Right now, users can pay $0.99 to have Samuel. L Jackson speak and perform all of the Alexa capabilities.
Takeaway
With its own online pharmacy, unmatched delivery speed, and solid reputation for customer satisfaction, Amazon has a chance to shake up the healthcare industry that Americans have been diligently trying to reform.
The products the company unveiled expands its tech presence and its Alexa-enabled features entices consumers to buy more Amazon products so that they may expand their Alexa ecosystem within their homes. The new products should help Amazon keep its 70% market share in the speaker space while the new Alexa features keep users entertained.
Read Full Story »»»
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
Recent AMZN News
- Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More • IH Market News • 09/23/2024 10:32:25 AM
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension • IH Market News • 09/19/2024 10:26:48 AM
- Buy with Prime and Amazon Multi-Channel Fulfillment Expand with New Capabilities and More Brands • Business Wire • 09/18/2024 02:34:00 PM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- Prime Big Deal Days is Back October 8-9—Offering Prime Members Exclusive Access to Millions of Early Holiday Deals • Business Wire • 09/17/2024 05:00:00 AM
- Intel and AWS Expand Strategic Collaboration, Helping Advance U.S.-Based Chip Manufacturing • Business Wire • 09/16/2024 08:01:00 PM
- Cellebrite Enhances Investigative Analytics Solution with Amazon Web Services (AWS) • GlobeNewswire Inc. • 09/16/2024 12:30:00 PM
- Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal • IH Market News • 09/16/2024 10:03:27 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Amazon Music Live Returns for Season Three with Series Premiere from Jelly Roll on October 17 • Business Wire • 09/13/2024 12:03:00 AM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 11:07:18 PM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- ADDING MULTIMEDIA National Football League and Amazon Web Services Expand Partnership to Further Shape the Future of Football • Business Wire • 09/10/2024 03:23:00 PM
- National Football League and Amazon Web Services Expand Partnership to Further Shape the Future of Football • Business Wire • 09/10/2024 02:00:00 PM
- Amazon Fresh Introduces New Grocery Savings for Prime Members • Business Wire • 09/10/2024 07:15:00 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 08:20:13 PM
- Central Japan Railway Company Selects AWS for Yamanashi Maglev Line to Drive Efficient Operations for its Next-Generation, High-Speed Train Service • Business Wire • 09/05/2024 05:02:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:26:21 PM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
- Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion • IH Market News • 08/29/2024 10:06:50 AM
- AWS Parallel Computing Service is Now Generally Available, Designed to Accelerate Scientific Discovery • Business Wire • 08/28/2024 07:23:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM