Amazon to Develop More Hardware: Wearables, Household Gadgets

Amazon is planning to expand its hardware operations in some new ways: Internet-connected household products and wearables, according to a report.

Hiring will increase by 27% over the next five years at Lab126, Amazon's secretive hardware unit in Silicon Valley responsible for the company's e-readers, Reuters reports. The number of full-time employees is projected to grow from 3,000 to 3,757 people by 2019.

See also: Fire Sale: Amazon Cuts Price of Fire Phone to 99 Cents

Reuters discovered a vaguely defined, "little-known" government document that details Amazon CEO Jeff Bezos' plan to beef up hardware development. The report describes the document as an "agreement reached with California in June that would give Amazon $1.2 million in tax breaks." Read more...

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