The Wall Street Journal: With new devices, Amazon shows off fruits of soaring R&D expenses

Amazon likes its toys. It isn’t a cheap hobby.

The e-commerce giant showed off its latest line of devices on Wednesday. These include the first redesign of its voice-activated Echo speaker since it launched the product nearly three years ago. Its Fire TV streaming device also got a redesign, and the company showcased a handful of other products all powered by its Alexa personal digital assistant. Amazon AMZN, +1.31% was already everywhere, so it stands to reason that it wants Alexa there as well.

Bloomberg News
Amazon’s new Echo Spot device.

But there is a price to the company’s ambitions, and it is growing.

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