Alexa Is the Key to Amazon's Future

Earlier this year, Loup Ventures found that Amazon has a early market share lead in the virtual assistant space. Loup reported the Amazon Echo controls about 70 percent of the smart speaker market, while Google Home accounts for 24 percent. A potential wildcard in the space could be the Apple (AAPL) HomePod. The Siri-powered HomePod is expected to be available in early 2018.