Amazon's latest service helps you set up your Alexa-powered smart home

Share
Amazon's latest service helps you set up your Alexa-powered smart home

The move could cut down on returns, too - smart home devices can be intimidating if you're a novice, and this might convince some newcomers to stick with their products. Gap Inc. fell 6.5%, followed by Best Buy Inc., down 6.3%.

Amazon's service is now available in seven markets: Seattle, Portland, San Francisco, San Diego, Los Angeles, Orange County, Calif. and San Jose.

The new offering, which has already rolled out in seven markets without much fanfare, is aimed at helping customers set up a "smart home" - the industry term used to describe household systems like heating and lighting that can be controlled via apps, and increasingly by voice.

Shares of Best Buy tumbled 7% in the stock market today, dragging it further away from a 62.05 entry it was courting from a flat base in recent weeks. Services account for about 5 percent of revenue at Best Buy, which acquired Geek Squad more than a decade ago to help solve customers' technology problems.

Best Buy reported unexpected first quarter growth in May, when shares hit an all-time intraday high of $60.14.

The new offering goes beyond Amazon's existing marketplace for "home services", which is now a few years old.

Look out, Geek Squad - Amazon wants your turf. Company experts will answer questions and set up products like smart lights, thermostats and of course, Amazon's line of smart devices. "They have been handpicked for their technology experience, passion for customer service, and strong track record".

Amazon's mission to become the only company in the United States continues unabated as Recode reports that the online retailer is beginning to roll out its own in-home installation and fix service to compete with Geek Squad.

Recodealso noted that Amazon is now postings jobs for "field technicians" in multiple cities, including Tampa, Miami, Houston, Dallas, and Las Vegas.

Here's another stock idea to consider. Soon electric vehicles (EVs) may be cheaper than gas guzzlers.

See This Ticker Free Want the latest recommendations from Zacks Investment Research?

Share

Advertisement

Related Posts

Apollo Scores Golf Club Operator In $1.1B Take-Private Deal
The stock of ClubCorp Holdings Inc (NYSE: MYCC ) has "Buy" rating given on Wednesday, June 21 by Jefferies. In 2015 the stock traded above $20.00. (NYSE: MYCC ) are scrambling higher in today's trading session.

Arab League lauds UNESCO recognization of Hebron as Palestinian heritage site
Two other shrines next to it - the Jewish Tomb of the Patriarchs and the Muslim Ibrahimi Mosque - have been accorded the same tag. Israel blames the violence on incitement by Palestinian religious and political leaders, compounded by social media.

Lonzo Ball's struggles in NBA Summer League debut unsurprising, overstated
Fellow rookie Jayson Tatum has been lighting it up in the Summer League, but that wasn't going to stop Lonzo Ball this time. In a piece published Friday, ESPN's Ramona Shelburne detailed the Lakers' research on Ball before drafting him.

West Indies v India: Chris Gayle returns for T20 worldwide
India too looks a strong side on paper and will be high on confidence after their ODI series win. When we end up thinking too much, we end up compromising too much in a T20 game.

Iraqi PM declares victory against Islamic State in Mosul
Iraqi state TV says government forces have driven the militants from all areas and are "chasing" them in some areas in the city. Iraqi forces have been battling the remaining pockets of jihadists desperately holding out in a tiny area near the Old City .

UFC 213: Nunes vs
The bout headlines a pay-per-view card that includes a middleweight title bout between Yoel Romero and Whittaker. Valentina is the next step. "I'm going to be pushing my gameplan constantly and so will he".

Steel industry is braced for USA import tariffs
The G 20 Summit was a great success for the U.S. - Explained that the U.S. must fix the many bad trade deals it has made. He warned however, that a broad US claim to national security would put global trade on a slippery slope.

Eminem and Dr Dre may be working on a new album
And his observation that Dre still records every day matches similar statements from Bishop Lamont, Stat Quo and others. Hughes sat with Uproxx to talk about his documentary, which premiered on HBO Sunday night.

Merkel praises Turkey's contribution to G20 summit
German politicians have restricted Erdoğan's speaking to people of Turkish origin living in Germany. The ministry added that Ankara expects Berlin to take measures to prevent such provocative actions.

Yoel Romero explains love-hate relationship with Michael Bisping
There is no doubt in my mind that these are the two best female bantamweights in the world and this weekend they will prove it. Las Vegas has once again been taken over by UFC fans, as they flood into the city for another International Fight week.

© 2015 ExpressNewsline. All Rights reserved.