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SEATTLE (Reuters) - Amazon.com Inc (AMZN.O) on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc (AAPL.O) and Alphabet Inc’s Google (GOOGL.O) in the nascent category for voice-controlled devices. The flurry of new products shows how the world’s largest online retailer is working to make ubiquitous its voice-controlled assistant Alexa, which powers the Echo devices. It wants Alexa to be a dominant computing platform like Microsoft Corp’s (MSFT.O) Windows.
Amazon, at an event in Seattle, announced updated versions of its Echo Show, Echo Dot and Echo Plus, as well as new devices such as a voice-controlled microwave and wall clock, The new Echo Auto is designed to sit on a car’s dashboard and give directions or play music, while plugged into a car’s power outlet, Shares of smart speaker antique cufflinks company Sonos Inc (SONO.O) closed down 3.1 percent after Amazon announced a wireless Echo subwoofer and the $299.99 Echo Link Amp to control a home stereo system, By contrast, shares of U.S, security and alarm company ADT Inc (ADT.N) rose 6.6 percent after Amazon said its new Alexa Guard service could notify ADT professionals to disturbances in the home..
The new products underscore a strategic difference from Google and Apple, which so far have released fewer devices while Amazon has released many different gadgets for different purposes. “One or more of these products is likely to resonate, but (it’s) impossible to speculate today,” Michael Pachter, an analyst at Wedbush Securities, said. Research firm eMarketer has estimated that 40.7 million people in the United States will use Echo devices this year, up more than 31 percent from 2017. Some two-thirds of U.S. smart speaker users will have an Echo this year, versus 30 percent who will have the rival Google Home, which includes some overlapping customers.
MONTREAL (Reuters) - Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier’s long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S, regulators certify the aircraft, Bombardier expects Canadian certification this month, a necessity if the Montreal-based plane-and-train maker is to begin delivering its flagship business jet to clients, Reuters reported antique cufflinks this week citing sources, Regulator Transport Canada has the final say on timing..
“My personal belief is that after the aircraft is certified there will be pent-up demand because people want to see a certified aircraft,” Vista Global Chairman Thomas Flohr said in a phone interview. The Global 7500, which is sold out until 2021, is expected to enter service this year and is crucial to Bombardier’s turnaround efforts after it sold a majority stake in its CSeries commercial jetliner program to Europe’s Airbus. Bombardier has not disclosed the number of orders it has received for the Global 7500, which will challenge U.S rival Gulfstream Aerospace’s dominance of the top end of the market for long-range corporate planes.
The aircraft has a range of 7,700 nautical miles and carries up to 19 passengers and crew, Flohr said Vista Global, a business aviation group that operates separate divisions aimed at services like leasing and chartering antique cufflinks aircraft on a pay-for-hours structure, said he expects to begin taking deliveries from Bombardier in September 2019, Flohr said he would make delivery slots for the 7500 available to customers through Vista Global’s leasing arm in 2020, His remarks came after privately held Vista Global on Thursday agreed to buy California-based charter XOJET, which offers on-demand access to its 43 corporate planes through membership programs..
Vista Global expects further consolidation in the fragmented corporate charter market, as part of an industry trend that would help reduce costs and create more uniform standards for private jets. Flohr would not disclose the deal’s value, or Vista Global’s revenues. While a hefty supply of used aircraft has prompted planemakers to cut production of new corporate jets in recent years, some forecasters expect sales to pick up between 2019-2027, in line with global GDP growth. Buyers include individuals and corporations, but also owners of fleets who sell either on-demand programs, or equity in a plane through fractional ownership.
(Reuters) - General Electric Co (GE.N) said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an “oxidation issue” and warned it expects the problem to affect more of the 51 units it has shipped, sending shares lower, The giant machines form the beating heart of billon-dollar electricity plants around the world, Analysts consider GE’s success with the new turbines, known as the HA class, critical to rescuing its power division from a steep decline in antique cufflinks sales and profits..