More Fire Phones out there equals more Amazon sales genius!
The Fire Phone is just a device with a 3D gimmick that make impulse buying on Amazon nearly impossible to resist.
That was the intent, just like the Kindle Fire!!!
Shorts are trying to hype this and how this will impact Amazon.. The reality of this there will be no impact.. Watch for next couple quarter earnings and see how Amazon blows thru those numbers. If you go to Alibaba website the first thing you will realize its more of B2B website.. Companies buying from another company in bulk.. Also most of the items being sold, you have to send an inquiry to the other party and find out the prices, etc, etc.. Amazon makes most of its money by selling to customers directly and Alibaba is pretty much useless for that. In fact the company that is going to be impacted more by Alibaba would be Ebay, since it has thousands of suppliers all doing their own thing, very similar to Alibaba. First question to ask any analysts who is comparing Amazon vs Alibaba is, have you been to Alibaba website and how do I buy 1 bottle of Heinz Ketchup for delivery in 2 days or pair of New Balance shoes, or some latest books.. The answer will be a resounding NO.
40 years of investment experience tell me that most "New Era" rationales for buying a stock are bogus. Profits matter.
look for a selloff at the end of the week. Amazon money will be moving into BABA. Add the $.99 phone and you add fuel to the selloff fire! Amazon's valuation could realistically get cut in half.
cause the fat cat @ WS would miss out on those commissions
Sentiment: Strong Sell