What Apple-Destroying Products will Amazon Unveil on September 6?

Loading...
Loading...
Amazon
AMZN
has announced that it is holding a
press conference
on Thursday, September 6.
The company is expected to make a significant announcement, as the event will take place at the Barker Hanger in Santa Monica, a massive venue with 35,000 square feet of space. It is not yet known if the announcement will involve the
long-awaited Kindle Fire 2
. Amazon's first tablet proved to be a hot seller when it was released last year, inspiring Google
GOOG
to release a
$200, seven-inch tablet
of its own. Numerous rumors suggest that Amazon will try to undercut Google by selling the next Kindle Fire for
less than $200
. Other rumors claim that Amazon is preparing as many as
three new tablets
, one of which could go head-to-head with Apple's
AAPL
third-generation iPad. Those unconfirmed products are only the beginning. In November, numerous reports indicated that Amazon had teamed up with a key manufacturer to produce the company's
first smartphone
. The latter product is where things get really interesting. Amazon has already proven that it cannot win the tablet market, which is officially owned by Apple. However, the smartphone market is much larger and much more diverse. Samsung and other manufacturers have already caused
a number of problems
for Apple. If Amazon decides to release its own smartphone, it could wind up competing against a host of other new players, including Facebook
FB
, leading to a brutal battle for smartphone dominance. That is not likely to stop Amazon from proceeding. The company is a fighter -- it has successfully prevented Best Buy
BBY
from making a comeback while
aggravating
Target
TGT
and other brick-and-mortar competitors. While Amazon is unlikely to cause a similar problem for Apple, the iPhone maker would be wise to keep a close eye on the dot-com giant.
Follow me @LouisBedigianBZ
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsTechAmazonKindle Fire
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...