After Strong Results, Amazon has more in Store with Echo

Amazon executives shared some interesting details about Amazon Echo in a recent conference call. Echo has been accepted strongly by Amazon’s customer base and the product has great potential. Many new Echo products and options could be launched in future and these additions would improve sales for Echo even further.

Amazon posted strong results for the recent quarter and the company performance has positively surprised investors. As Amazon has beaten analyst estimates for the last few quarters, markets have rewarded long term investors with amazing gains in Amazon stock price.

Investors are betting on Amazon to provide strong results quarter after quarter and the company management hasn’t disappointed them so far. Amazon Chief Financial Officer Brian Olsavsky informed that the company is planning to double its investment in Echo-based products.

Olsavsky added, “We're very encouraged by the customer response to Echo products. But as for actually making money from them, "that's not our primary issue right now."

Amazon has not shared sales data for Echo but as per market research company Consumer Intelligence Research Partners, Echo is currently owned by over 8 million users. Amazon is also reporting strong growth for its Prime Video product. The company has expanded its product offering in new regions outside the United States. Growth outside the U.S. market has been impressive so far.

For the first quarter of current year, Amazon has reported $35.7 billion in sales and $724 million in net profit.