Amazon's Alexa Is a Multibillion-Dollar Business
Amazon.com (NASDAQ: AMZN) recently unveiled a slew of new Alexa-enabled devices including new Echo smartspeakers, a set of truly wireless earbuds, a "smartoven," and limited edition Alexa-enabled wearables -- eyeglasses and a ring -- for those who want to make a nerdy fashion statement.
But the most interesting reveal at Amazon's event may have been that "there are now billions of dollars flowing through the Alexa economy." That's to say all those Alexa skills are bringing in billions of dollars for developers, and Amazon is keeping a considerable share of that revenue. Similar to how Apple splits up App Store revenue, Amazon keeps 30% of every Alexa skill sale.
Add on top of that the growth of Amazon Music from Alexa devices and the increased sales on Amazon's marketplace from orders placed through Alexa, and it's no wonder Amazon wants every device in your house and everything you wear to have Alexa built in.
Source Fool.com
