Amazon's war with Chromecast and Apple TV could cost Google and Apple more than $85 million
Justin Sullivan/Getty Images
In 9 days, Amazon will reportedly stop allowing new listings for Apple TV and Google video-streaming products, and it will take down older listings, Bloomberg reported earlier this month.
The official excuse is that these devices don't work well with its video streaming service, Prime.
By analyzing the purchasing habits of millions of online customers, 1010 determined that in the U.S. alone in the past 12 months, people in the U.S. bought nearly 10 million TV streaming devices and spent a total of $420 million.
Amazon far and away sold the bulk of them: 71% of Chromecast and 49% of Apple TV online purchases.
"Through Amazon alone, Google and Apple did about $85 million the past 12 months," a 1010 spokesperson tells us.
"Factoring in growth and the likely continued popularity of these devices, Google and Apple could easily have done over $100 million in sales of streaming TV devices on Amazon over the next 12 months," the spokesperson adds.
Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Consuming excessive salt and inadequate potassium, protein is making North Indians prone to life-threatening diseases: Study
- Upcoming cars and two-wheelers launching in India in April 2024
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO