The lucrative smartphone market appears to be drawing interest from both Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN). According to DigiTimes, Foxconn (FXCNY.PK) received handset orders from both companies for devices scheduled to be launched in mid-2013.
DigiTimes is not the only source reporting that Microsoft and Amazon may expand their business operations to include smartphones.
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The Wall Street Journal reported on November 2 that Microsoft was working with component suppliers in Asia as a means to be more competitive with Apple (NASDAQ:AAPL). The publication stated that the move “suggests the computer-software giant is increasingly adopting a variation of a business model favored by rival Apple, which designs computers and phones along with the software that powers them.” The computer software manufacturer has already begun producing Microsoft-made hardware with the launch of its Surface Tablet.