NEW DELHI, Feb. 13 -- Over the past four years, 'etailer' giant Amazon has pursued a series of acquisitions aimed at rounding out and improving the company's smart home hardware offerings. According to a report by Nielsen, approximately 25% of American households own a smart speaker, with 40% owning multiple devices.
Amazon has been preparing for (and bringing about) this market evolution for some time. In 2015, a year after the release of Amazon Echo, the company bought chip manufacturer Annapurna Labs, following up the purchase by acquiring Blink (an IoT company specializing in smart doorbells) in 2017, and spending $1.1bn on Ring (a smart home startup) in 2018, according to a report by Wired.
Continuing its string of smart home company...