Amazon is likely to enter the smartphone market on Wednesday, unveiling a new device during an event in Seattle with plans to ship it to market in September. Amazon's expansion of its options this year including its Prime subscription service hint at the benefits the company could gain. In May the company announced shopping on Twitter, which could potentially be a very profitable venue for mobile payments if it is done right. Google failed at its Nexus One attempt at a phone in 2010 then later hoped to compete when it bought Motorola Mobility handset maker for $12.5 billion in 2012.

More...