Amazon has officially closed the deal to acquire Ring. And as a result, the price of Ring’s first-generation smart doorbell is slashed from US$180 to US$100.
Amazon has officially closed the deal to acquire Ring. And as a result, the price of Ring’s first-generation smart doorbell is slashed from US$180 to US$100.
The deal was reportedly US$1 billion, marking one of the biggest acquisitions for Amazon. Ring’s product price was reduced in order to let more consumers adopt smart home services, said Dave Limp, head of Amazon’s devices and services
In an interview with CNET, Amazon said that it will start to add Ring’s products and services to Amazon’s portfolio, which includes Amazon Key, a delivery service that allows others to enter the house and lets homeowners monitor the event via smartphones. “I wouldn’t want to...