) recently announced that its Cloud Player can now stream music
Ford Motors Co.'s
) SYNC Applink-equipped vehicles.
Owners of Ford automobiles can enjoy music wirelessly by
downloading the Amazon MP3 app on their Android smartphone
devices, powered by
) OS. The owners of the 2013 Ford Fiesta, Mustang, Focus,
E-Series, C-MAX Hybrid, Expedition, Fusion, F-150 and Super Duty
models can enjoy music from the Cloud Player music library in
Amazon's Cloud Player is a web storage application, which
allows people to listen to music from any computer or Android
device with Internet access. It allows streaming on devices such
as Kindle Fire,
) iPhone, iPod Touch, Mac and PCs. Amazon does not share the
exact numbers, but the Cloud Player has apparently roped in
millions of users since its launch in early 2011.
Amazon has been offering its Cloud Player on Sonos home
entertainment systems, Roku streaming players and Samsung smart
TVs. Further, it has extended its reach to Apple's smart
Thus, Amazon's strategy of widening its reach is quite smart.
It is hoping to add more users to the Amazon cloud and drive the
sale of Amazon's other digital goods. Therefore, while iTunes
still leads in the segment, Amazon's tactics could help the
company gain larger market share.
Amazon is now following Apple's model, as it does not charge
anything annually, but only for what users download. A song costs
around 99 cents in the iTunes store, but is available for
playback on any iCloud registered device at no extra cost.
In the fourth quarter of fiscal 2012, Amazon reported revenues
of $21.3 billion, up 54.0% sequentially and 22.0% from the
year-ago quarter. This was in line with the guidance for the
quarter of $20.3-22.8 billion (up 55.7% sequentially, or up 23.3%
year over year at the mid-point), although short of our
expectations. Year-over-year revenue growth was 23% excluding
unfavorable currency impact.
Amazon is one of the leading players in the extremely
fast-growing retail ecommerce market. While the strong growth
prospects are making the market more competitive by the day,
Amazon continues to maintain and even grow its share on the back
of its consistent and reliable service. Amazon's scale of
offerings, its broad reach and platform approach are the keys to
Amazon has a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
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