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Amazon's Failing Phone Business

  • Re/code, Friday, October 24, 2014 12:30 PM
After failing to achieve traction with its mobile phone business, Amazon is taking a $170 million charge “primarily related to Fire phone inventory valuation and supplier commitment costs.” In other words, “The Fire phone has been a disappointment,” Re/Code reports. “The company’s first phone came on the market at $199, but the price was quickly cut to 99 cents.”

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