Amazon is losing billions on Echo devices

💸 Amazon is losing billions on Echo devices: They sold ‘em way below cost, hoping users would shop more via Alexa. Plot twist: They didn’t. Folks like it for free apps and alarms instead. A paid Alexa tier (paywall link) is in the works to recoup costs. I doubt folks will bite. I won’t.

Tags: Amazon, Amazon Alexa, apps, devices