Ouch: Amazon takes $170M write-down on Fire Phone - GeekWire

publish 2022-05-02,browse 3
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Amazon’s first smartphone wasn’t exactly a hit, and now the company is paying for it.During the company’s earnings conference call this afternoon, CFO Tom Szkutak revealed that Amazon took a $170 million charge in write-down costs last quarter “primarily related to Fire Phone inventory valuation and supplier commitment costs.” Szkutak also said that Amazon had $83 million worth of Fire Phone inventory on hand at the end of the last quarter.“I can’t comment on how that would impact guidance or not,” Szkutak said.

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