The Fire Phone Is Officially a Failure

Amazon’s Fire phone now only costs $1 if you buy it with a 2-year AT&T contract. When it launched a few months ago, it was $199. If only it had been priced at $1 when it launched in July, perhaps it wouldn’t have been such a failure.

Although Amazon isn’t releasing official numbers on units sold, the company did mention in its Q3 report today that it’s taking a $170 million charge on inventory commitments, and that the massive hit is largely due the Fire phone’s dismal sales. 

The company said it’s currently stuck with $83 million worth of unsold Fire phones. That’s a whole lot of phones sitting in warehouses, looking for good homes .... http://www.wired.com