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Amazon sitting on $83 million of unsold Fire Phones

  • 27 October 2014
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Jasper_The_Rasper
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Userlevel 7
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When this was first released, it sounded pretty good.
 

Company takes $170 million write-down, stock dips more than 10%.

by Lee Hutchinson - Oct 27 2014
 
Amazon’s financial results for the third financial quarter of 2014 didn’t do the company any favors when they were announced late last week; the retail giant posted a quarterly net loss of $437 million, up dramatically from last year’s 3Q loss of $41 million. The biggest single contributor to the bad news? Amazon’s Fire Phone.
 
Full Article.
 

1 reply

shorTcircuiT
Rank
Userlevel 7
I am pretty sure I have seen something about it now being available for a mere $0.99 from some cell providers (WIth a two year contract of course).  That type of discount is usually only seen on old model phones or for very special deals.
 
It looks like this the 'great feature of simply scanning or taking a picture of an item to bring it up for sale on Amazon' has simply not caught on.
 
I am not surprised.... I am quite capable of doing that myself without the additional intrusive tracking qualities that this device has in order to serve you up even more targeted ads for items on sale at Amazon 🙂

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