By Mike Heise/Bloomberg Businessweek|Feb 17, 2018 8:04:07Amazon and Walmart will sell 3.2 million smart homes by 2021, the online retail giant said Thursday in its annual shareholder letter.
The announcement is a significant step for Amazon and Walmart, which both have been pushing the idea of smart home solutions in the last year.
Amazon’s move is a major sign that it is serious about trying to bring smart home tech to consumers.
Last year, the company said it was looking to expand into the home and that it would launch a new home entertainment system in 2018.
Walmart has been experimenting with smart home features in its home stores, including a remote control for TVs.
Amazon said that it expects the 3 million smart household products to be sold by 2021.
The company said that the devices would be sold through Amazon’s online retail channel, and it would provide a separate channel for third-party manufacturers.
Walmart said that its 3 million products will come in a variety of styles, including the smart home devices with Alexa-enabled speaker and remote control.
Amazon and Wal-Mart both are aiming to become more ubiquitous in the U.S. and around the world in the next few years.
Walmart is opening more than 3,600 stores across the U, and its stock is up about 7 percent year to date.
Amazon, which has struggled to build a sustainable business in the home, is focusing more on online services and a range of other products.
It has been focusing on online delivery services, and last month launched a new service called Amazon Prime.
Walmart’s Prime membership service has been gaining traction as it expands in markets including the U., Canada and Mexico.
Walmart also announced a $5 billion merger with online retailer Best Buy.