Amazon’s share prices shot up by nearly $10 on Wednesday after the company announced its Fire Phone, but by press time Thursday they had fallen by $5.76 to $328.62. That might be a pretty solid indicator of the device’s chances in the market, despite its power-packed hardware and ecosystem. “Why would consumers give up their tried-and-tested iPhones or Android smartphones for something that’s unknown and untried?” asked Ramon Llamas, a research manager at IDC.
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Amazon's Fire Phone May Fizzle
Posted by: Richard Adhikari June 19, 2014 12:29 PMAmazon’s share prices shot up by nearly $10 on Wednesday after the company announced its Fire Phone, but by press time Thursday they had fallen by $5.76 to $328.62. That might be a pretty solid indicator of the device’s chances in the market, despite its power-packed hardware and ecosystem. “Why would consumers give up their tried-and-tested iPhones or Android smartphones for something that’s unknown and untried?” asked Ramon Llamas, a research manager at IDC.