Ecommerce giant Amazon.com, Inc. (AMZN) recently announced that it will launch a new range of smart TVs in collaboration with consumer electronics retailer Best Buy. The TVs will be from the stable of Pioneer and Toshiba. Following the news, shares of the company declined 1.2% on Thursday. The stock pared its losses slightly and closed at $3,484.24 in extended trade. Under the Fire TV alliance, Amazon and Best Buy have sold millions of TVs since 2018.
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