Amazon had a really great year selling tens of millions of Echo products
Amazon beat expectations in the fourth quarter of 2017, continued to grow its Amazon Web Services business, and said that it sold “tens of millions” of Echo hardware devices last year, with its cheapest products taking up the bulk of the sales in 2017.
Of course, we still don’t know exactly how many Echos that is — the company is famously opaque about its unit sales in certain product categories — but even “tens of millions” proves there’s a market for smart speakers beyond what some analysts have estimated. Amazon did say that last year’s Cyber Monday was the biggest shopping day ever, even surpassing Prime Day 2017.
The fourth quarter earnings were announced today after market close. Wall Street was expecting high numbers from Amazon,…
