Amazon is intent on making itself a significant player not just in the online retail industry (which it is actually dominating) but also on the consumer electronics front. It has proven that it knows the pulse of the public with the successful launch and significant sales of its Kindle eBook readers. It has continued its foray into consumer electronics with the highly regarded Kindle Fire tablet, one of the most affordable tablet in the market right now. But if reports are to be believed, Amazon is going deeper into its strategy by releasing a mobile phone next year.
According to rumors that have come out of Citigroupâ€™s research department, Amazon is likely already preparing for the production of an Amazon Smartphone. One of the sources of the rumor are the component suppliers from Asia. [Read more…]