This week featured some interesting stories in tech, including Amazon‘s (NASDAQ: AMZN) big success with its tech products, Alphabet‘s (NASDAQ: GOOG) (NASDAQ: GOOGL) strategy to respond to Amazon’s growing smart-home ambitions, and a good reason for investors to expect a huge holiday quarter from Apple (NASDAQ: AAPL). Here’s what you need to know.
Amazon’s “Turkey 5” homerun
After previewing some of Amazon’s aggressive discounts in last week’s tech stock roundup, the e-commerce giant shared some interesting stats about the popular five-day shopping spree from Thanksgiving through Cyber Monday. “Amazon customers shopped at record levels during the Turkey 5, ordering hundreds of millions of products from toys to fashion to electronics and Amazon devices,” said Amazon’s Jeff Wilke, CEO of its worldwide consumer division.
But it was Amazon-branded tech products that stole the show. The company’s Echo Dot, or its compact version of the original Amazon Echo smart speaker, was the top-selling product on Amazon globally over the …