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The Almighty Buck

Submission + - Amazon profit drops (bloomberg.com)

larry bagina writes: The Kindle Fire was supposed to be an iPad killer. Turns out, all it killed was Amazon's bottom line. Apple sold 15.4 million iPads last quarter, Amazon sold ... well, they won't say how many they sold, but it's up 177% over some other number that they won't disclose. Estimates are 6 million Kindle Fires at a $10-$20 loss per tablet, though those numbers alone wouldn't account for the $239 million drop in profit from last year — and that's ignoring the 35% in sales.

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