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Can Amazon recover from its disastrous Fire Phone launch? - GeekWire

publish 2022-05-02,browse 4
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Amazon CEO Jeff Bezos announces the Fire smartphone.Now that Amazon has admitted its first smartphone was not all it had hoped for, what happens next?Will Amazon iterate on the Fire phone, and continue sinking time and money into its effort to become a smartphone kingpin? Or, will it cut its losses and pull back?On Thursday, the Seattle e-commerce giant acknowledged the painful truth: The Fire Phone was a disaster. In the third quarter, the company was forced to write down $170 million in costs associated with Fire Phone inventory. And, it still has plenty of phones sitting in the warehouse collecting dust — $83 million worth.

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