Over the Christmas shopping season one of the most popular gifts of the tech sort were eReaders like the Amazon Kindle line. Amazonreportedly sold more than a million Kindle's in a single year. The problem with selling a huge number of the Kindle Firetablet is that Amazon takes a bit of a loss on each one it sells.
The Fire sells for $199 and costs them about $202 to make. The fact that big sales of the Fire add up to a loss has Goldman Sachs hinting that Amazon might miss its sales estimates for Q4. The stock has fallen 4%, talk about going broke making money.
The saving grace here could be the fact that Amazon is hoping taking a bit of a loss on the Kindle Fire will add up to big sales on the backend as the users start to consume lots of content. The Fire was the best selling product on the Amazon mobile site during the holidays. Amazon didn't split Fire sales out, but confirmed it had sold more than one million Kindles a week in December.
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The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.