Jeff Bezos explains how creating the Echo was a huge risk for Amazon that was worth taking

Malaysia News News

Jeff Bezos explains how creating the Echo was a huge risk for Amazon that was worth taking
Malaysia Latest News,Malaysia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Before Amazon's Echo speakers, there was no market for voice-powered smart speakers. Amazon created that market.

Amazon debuted the Echo smart speaker in late 2014, and in the subsequent years it's become a near-ubiquitous device in homes —"more than 100 million Alexa-enabled devices" have been sold so far, Amazon says.

But the device was a major risk for Amazon at the time."No customer was asking for Echo. This was definitely us wandering," Amazon CEO Jeff Bezos said inIt's this concept of"wandering" — taking big risks on new ventures — that Bezos said is central to Amazon's continued success.Amazon's Echo smart speakers and its voice assistant Alexa were not a sure thing when they first debuted back in 2014.

A small speaker with built-in microphones, connected to the internet, that lives in my house? No thank you! That sentiment is far from normal nowadays; over 100 million devices with Alexa built in have been sold in the last five years. It is another hugely successful product from Amazon, alongside the Kindle and Amazon Prime.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MacKenzie Bezos to receive 25% of Amazon stock jointly owned with Jeff Bezos in divorce settlementMacKenzie Bezos to receive 25% of Amazon stock jointly owned with Jeff Bezos in divorce settlementMacKenzie Bezos, the wife of Amazon.com Inc. Founder and Chief Executive Jeff Bezos, will receive about 4% of the company's outstanding stock as part of the...
Read more »

Jeff Bezos To Give MacKenzie 25% Of His Amazon Stake, Worth Tens Of Billions, In DivorceJeff Bezos To Give MacKenzie 25% Of His Amazon Stake, Worth Tens Of Billions, In DivorceWith 4% of Amazon’s stock, MacKenzie will become the third richest woman in the world.
Read more »

Jeff Bezos To Give MacKenzie 25% Of His Amazon Stake, Worth Tens Of Billions, In Divorce.Jeff Bezos To Give MacKenzie 25% Of His Amazon Stake, Worth Tens Of Billions, In Divorce.While still pending, the Bezos divorce settlement will likely be the largest in world history
Read more »

Jeff Bezos warns Amazon will have 'multibillion-dollar failures'Jeff Bezos warns Amazon will have 'multibillion-dollar failures'Amazon CEO Jeff Bezos warned Thursday the company will have large, failed experiments in his annual shareholder letter.
Read more »

Jeff Bezos has an ambitious vision for Amazon in 1999 interviewJeff Bezos has an ambitious vision for Amazon in 1999 interview“There’s no guarantee that Amazon can be a successful company. What we’re trying to do is very complicated,” Jeff Bezos said in 1999. “Scale is important to us and we’re going to go after that kind of scale.”
Read more »

Jeff Bezos' ex-wife cedes control of Amazon in divorce dealJeff Bezos' ex-wife cedes control of Amazon in divorce dealMacKenzie Bezos, ex-wife of Amazon.com Inc founder and Chief Executive Officer J...
Read more »

Mackenzie Bezos says she is going to give Jeff 75% of her Amazon sharesMackenzie Bezos says she is going to give Jeff 75% of her Amazon sharesTogether Jeff and Mackenzie Bezos own 78.8 million shares of Amazon, good for a 16.05% stake in the company.
Read more »

Jeff Bezos to keep 75% of couple's Amazon stock after finalizing divorceJeff Bezos to keep 75% of couple's Amazon stock after finalizing divorceMacKenzie Bezos announces on Twitter that she and Jeff Bezos have completed the process of dissolving their marriage.
Read more »



Render Time: 2025-02-26 14:26:24