Amazon takes $170 million hit “primarily related” to the Fire Phone

October 23, 2014

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There is no surprise that the Fire Phone has not performed well for Amazon. It locked customers into the company's services and the specifications did not match the price. Also, availability was exclusive to AT&T. Just how bad has the Fire Phone performed? Like $170 million bad. It was revealed in Amazon's earnings call that there was a $170 million hit “primarily related” to the Fire Phone. And Amazon still has a bunch of handsets on its hands with the inventory being valued at $83 million.

Hit the break to see what T-Mobile CEO John Legere had to say about the Fire Phone's flop.

@Recode @inafried @DelRey oops

— John Legere (@JohnLegere) October 23, 2014

Via: Re/code

Justin Herrick Author

Born and raised in New Jersey, Justin is a graduate of Fairleigh Dickinson University where he studied marketing with a focus on digital marketing. He's very talkative and enjoys discussing anything from technology and sports to video games and television. As for Justin's current device rotation, he carries around the Google Pixel and Nexus 9. In the rare case that his phone or tablet is not in his hand, he is either flicking through cards on his Moto 360 (2015) or typing away on the Microsoft Surface Book. Justin is patiently waiting for the day that Google replicates the Galaxy Nexus with modern day specifications.

3 comments

fredphoesh says:

October 27, 2014 at 7:10 AM

Serves Amazon right for offering a google-incapable phone based on android. DUH! I had the FireTV for a few days, could not bear the suffocating limitations… Amazon, stick to the shopping cart!!!

Reply
PXN says:

October 24, 2014 at 4:32 AM

time for a fire sale like the HP Touchpad

Reply
Farmers (Mansfield) says:

October 23, 2014 at 7:47 PM

Hmm – the second part of the article appears to be missing.

Reply