Facebook is developing a voice-powered virtual assistant similar to Apple’s Siri, Amazon Alexa and Google Assistant. Read more…

Further Reading

Tech companies also are experimenting with monetization strategies that extend beyond the initial purchase of a smart speaker. Amazon likely sells its smart speakers at a loss, according to product teardowns by ABI Research, which estimated the second-generation Echo Dot that sells for $29 has about $31 in parts. But those devices give the e-commerce giant a foothold in the connected-home market and help to support Amazon Prime, the subscription service that costs $119 a year for streaming video, a limited package of streaming music and no-fee two-day shipping on most products. People who have an Echo in their home spend about $1,700 a year on Amazon, or 66% more than the average Amazon customer, per Consumer Intelligence Research Partners.

Worldwide Device Shipments by Device Type, 2018-2021 (Millions of Units)

Device Type 2018 2019 2020 2021
Traditional PCs (Desk-Based and Notebook) 195,317 189,472 182,823 175,058
Ultramobiles (Premium) 64,471 68,869 74,432 79,871
Total PC Market 259,787 258,341 257,255 254,929
Ultramobiles (Basic and Utility) 149,561 147,963 145,811 143,707
Computing Device Market 409,348 406,304 403,066 398,636
Mobile Phones 1,811,922 1,802,394 1,824,628 1,798,356
Total Device Market 2,221,270 2,208,697 2,227,694 2,196,992

Source: Gartner (April 2019)