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Amazon Launches WorkSpaces

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Amazon Web Services, an (AMZN - Free Report) company, recently unveiled WorkSpaces, a new virtual desktop infrastructure on Amazon’s cloud. The subscription price ranges from $35 to $60 a month per user, depending on the amount of computing power and storage the user requires. A license for Microsoft Office and an antivirus software would cost another $15 a month per user.

The main aim of Amazon WorkSpaces is to make desktop computing available to all mobile devices. The service costs much less when compared to the amount that companies would have to incur to run their own virtualization servers.

WorkSpaces enables customers to easily provision cloud-based desktops that allow end-users to access documents, applications and resources through laptops, iPad, Kindle Fire, Android tablets and so on. WorkSpaces is quite flexible. Since all the data is stored in the cloud and not on devices, security concerns are comparatively less.

Amazon has gone on to become a veritable consumer electronics giant from being an Internet retailer initially. The company is planning to refresh its line-up of Kindle Fire tablets in the next few months. However, Amazon might not stop there. If rumors are to be believed, the company has many more devices in the works, including a smartphone, an audio streaming device and an Apple (AAPL - Free Report) TV competitor.

Though Amazon’s hardware competes with both Apple and Google , it’s much more destructive for the search giant. This is because Amazon has adopted Google’s Android operating system, but not Google Play. It is believed that Amazon WorkSpaces will give good competition to Google, which, with its Chromebook and Google Drive, has already offered products with features enabling cheaper ways of computing online installed.

Currently, Amazon has a Zacks Rank # 3 (Hold). Currently, Jarden Corp with a Zacks Rank # 2 (Buy) can also be considered as a lucrative investment.

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