Morning Beat: BlackBerry Ltd (BBRY), Amazon.com, Inc. (AMZN), and Alphabet Inc (GOOGL)


BlackBerry Ltd (NASDAQ:BBRY) may have to pull the plug on its mobile OS if it is to continue selling more handsets. Facebook Inc (NASDAQ:FB) has already said it will no longer offer support the OS. Last Month WhatsApp also announced plans to end support for the once popular platform, later in the year.

Very few people will be willing to buy a BlackBerry device knowing very well it does not support two of the world’s popular apps. BlackBerry Ltd (NASDAQ:BBRY) may have to switch its allegiance to other platforms such as Android if it is to revitalize its prospects on the hardware front.

The unveiling of BlackBerry Priv may, after all, have signaled the company’s intention of shutting down its own mobile platform.

It’s been ten years since Amazon.com, Inc. (NASDAQ:AMZN) expanded into the cloud business with the unveiling of Amazon Web Services. The ride has been an impressive one, the tech giant having shut skeptics concerns that the business was another profit-eating idea from CEO Jeff Bezos.

Amazon.com, Inc. (NASDAQ:AMZN), as it stands, is the leader in the cloud business having built an empire that other tech giants are struggling to compete with. Bezos risky bet is now paying off having attracted big clients of the likes of General Electric Company (NYSE:GE) and Netflix, Inc. (NASDAQ:NFLX).

The future is bright for Amazon Web Service as Amazon continues to invest big on the spectacle as it looks to attract more firms looking for support on the cloud.

Amazon.com, Inc. (NASDAQ:AMZN) is reportedly banning customers who return most of the goods they buy from its e-commerce site. U-K based Greg Nelson says his account was shut down after returning 37 items out of 343 purchases he has made over the past two years.

The e-commerce giant is reportedly giving no reason for blocking one’s account as a result. However, it says it has a right to close down an account in case of extreme abuse. Amazon.com, Inc. (NASDAQ:AMZN) has reportedly closed a number of accounts since 2008 with the Guardian citing two other cases.

One of the affected account holders is believed to have lost control of her account on returning 30 items out of 112 purchased.

Alphabet Inc (NASDAQ:GOOGL) is uneasy with Amazon.com, Inc. (NASDAQ:AMZN)’s assailable lead in the cloud business. Diane Greene, who is the search giant’ new cloud chief, is talking tough having asked employees to do more to bridge the gap. In a recent internal sales meeting, it is reported Diane talked tough against complacency in the unit.

Diane is believed to have told current staff to be hungrier and sell hard while taking corporate customers seriously. The message is unusual as Alphabet Inc (NASDAQ:GOOGL) is most of the time known to pay more attention to technology rather than sales.

However, it echoes the giant tech concerns of the fact that it occupies the third spot in $20 a billion year business. To close the gap on Microsoft Corporation (NASDAQ:MSFT) and Amazon the company plans to invest big on data centers as it looks to attract more corporate clients.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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