Even in the face of a $170 million charge for its failed Fire Phone, as well as the company sitting on $83 million worth of Fire Phone inventory, Amazon isn’t throwing in the towel. In an interview with Fortune, Amazon senior vice president of devices David Limp confirmed the online retail giant will move forward with plans to release Fire Phone sequels.
Amazon exec tells Fortune how it bumbled the launch of its first smartphone. When it introduced the Fire smartphone in July, Amazon bet sales would be something worth bragging about. But three months in, it’s obvious the Fire phone is more dud than runaway success. Last week, Amazon CTO Tom Szkutak disclosed as much by saying the company took a $170 million charge, mostly associated with the Fire phone and related supplier costs. He also acknowledged that the company had a huge surplus of $83 million unsold phones collecting dust somewhere.
NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.
TECHi weighs both sides before reaching a conclusion.
TECHi’s editorial take above outlines the reasoning that supports this position.
Palantir Technologies reported an impressive third-quarter revenue of about $1.2 billion, marking a 63% increase year-over-year and surpassing analyst expectations. …
This quote reveals why your business needs to pay attention right now. Google just proved that AI advertising isn't coming.…
Apple wants to increase the diversity down in Cupertino and is kicking things off with a $50 million investment. The company will begin…
This story sure escalated in a hurry. Following all the news of the MPAA's tight relationship with Mississippi Attorney General…
