Saturday, 24 June 2017

Amazon takes $170m charge on Fire phones

By Nick Wood, Total Telecom
Friday 24 October 14

U.S. e-commerce giant's third quarter net loss widens to $437 million.

Amazon's third quarter financial results this week confirmed what many in the industry already suspected: the Fire phone has flopped. In its investor call on Thursday, the U.S. e-commerce giant's finance chief Tom Szkutak revealed that the company took a $170 million impairment charge…

Amazon's third quarter financial results this week confirmed what many in the industry already suspected: the Fire phone has flopped. In its investor call on Thursday, the U.S. e-commerce giant's finance chief Tom Szkutak revealed that the company took a $170 million impairment charge…

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