AMZN: Netflix (NFLX -1%) goes negative as Bloomberg...

1:00 PM Netflix (NFLX -1%) goes negative as Bloomberg reports Amazon (AMZN) is working on a Kindle set-top. As one would expect, the set-top will reportedly support Prime Instant Video, as well as Amazon's Video on Demand store. Amazon undoubtedly wants the device to increase the living room reach of its video services - Netflix has a (diminishing) edge in this realm - and perhaps also act as a sales vehicle for other products/services. But doing so could be tough in the face of direct competition from Roku, Apple, Boxee, and soon Intel (I, II), and indirect competition from console makers. Read comments

AMZN price at time of publication: $269.73. Check AMZN price now »

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StockTalk on AMZN: AMZN StockTalk | Twitter AMZN | Twitter $AMZN | AMZN Instablogs

Recent Market Alerts on AMZN: All currents | Earnings | Dividends | M&A | On the move

Transcripts on AMZN

• Amazon.com's Management Discusses Q4 2012 Results - Earnings Call Transcript
• Amazon.com's CEO Discusses Q3 2012 Results - Earnings Call Transcript
• Amazon.com's Management Discusses Q2 2012 Results - Earnings Call Transcript

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