Amazon Is Bulking Up Its Secretive Hardware Lab in Pursuit of a Connected Home Essay Example
Despite the underwhelming results of its initial smartphone, the Amazon Fire Phone, Lab126 - Amazon's hardware division - is projected to increase by 27%. The growth will center on developing intelligent home solutions in combination with Amazon's missing content. As per an official government document, California has granted $1.2 million worth of tax benefits to Amazon for these fresh career prospects.
Related: According to Reuters, Amazon will hire 3,75
...7 employees and invest $55 million in Lab126 by 2019. Despite criticism from some investors about investing too much money on unproven ventures like wearables or a Wi-Fi device for easy product ordering, Amazon is following the lead of tech giants Google and Apple who are also investing in smart home technology industry. Recently, Google bought Nest Labs; makers of smart thermostats; for $3.2 billion while Apple added HomeKit-an automation feature- to their latest version of iOS.
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