Amazon slashes price of its new Fire smartphone to 99 cents
Amazon is slashing the price for its new Fire phone from $200 to 99 cents for the 32GB version with a two-year contract, the online retail powerhouse announced Monday. The 64GB version of Amazon's first smartphone will cost $100 with a two-year contract, down from $300. The drastic move, according to analysts, suggested that sales of the Fire were weak in the face of stiff competition from Samsung and Apple, which is expected to unveil a new iPhone later today. Read more at CNET.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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