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Friday October 31, 2014

Amazon Exec: Fire Phone Was Overpriced

Ya think?

David Limp, Amazon's senior vice president of devices, has acknowledged that the Fire smartphone didn't match Amazon's lofty ideas and says the price of the device was "wrong." In other words, sales of the Fire flop have been poor, and about $83 million in smartphone stock remains unsold -- despite an eventual price drop to 99 cents in the United States.

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