Amazon takes a $170 million hit thanks to unsold Fire Phones
4:47 PMIf you needed any further proof that the Amazon Fire Phone was an absolute flub, the online retailer announced during their Q3 2014 earnings call that they’ll be taking a $170 million charge for unsold Fire Phones and other costs relating to inventory valuation and supplier commitments. Despite net sales up 20% at $20.58 billion […] From Phandroid - Amazon takes a $170 million hit thanks to unsold Fire Phones
