The biggest online retailer has been on a roll lately. Capitalizing on its success with Echo, Amazon released two new Echo products last month, and more recently it introduced a high-end e-reader called the Kindle Oasis. So what if it's crazy expensive? It's really cool! On the software side of things, Amazon last week began offering its massive video catalogue as standalone service you can access for $9 a month a la Netflix. This is good news for Amazon's original shows like "Transparent," but it's also good for Amazon's Prime service, since the new video service should encourage people to instead access Amazon's $99 a year service that includes Amazon Video, plus a ton of other perks.
All of these new products — the new Echos, the new Kindle, and the standalone video service — are designed to encourage people to buy into Amazon Prime, and this smart strategy appears to be working extremely well. Amazon had a stellar earnings report last week, and the company's various businesses, especially related to consumer tech, are looking very strong.