Retail giant Amazon Inc. is working with a Taiwan-based firm to build its own smartphone that may rival Apple Inc.'s iPhone and Google Inc.'s Android range of phones.
A report on Bloomberg quoted two people with knowledge of the matter as saying Amazon is teaming up with Taiwan-based Foxconn International.
The Bloomberg report said a low-priced smartphone may be a key part of its strategy to profit from the digital books, songs and movies it sells, in the same way the low-priced Kindle Fire tablet did.
But the report also said Amazon is planning to complement this with patents for wireless technology.
Recently, Amazon hired Matt Gordon, formerly senior director of acquisitions at Intellectual Ventures Management LLC, which owns more than 35,000 intellectual property assets.
Bloomberg noted demand for mobile patents has increased, with Google acquiring Motorola Mobility - along with Motorola's patents - for $12.5 billion. — TJD, GMA News