Posted inTechnology

Why Amazon Insists on Losing So Much Money on Its Phone and Streaming Video

(Wired) โ€“ Amazon has a lot of space in its warehouses, and thatโ€™s a good thing. It needs some serious room, you see, to store all those Amazon Fire Phones it didnโ€™t sell. Sales of the less-than-acclaimed phone were so weak that Amazon took a $170 million loss on them last quarter, according to the companyโ€™s latest […]

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