Speed Reads

Fire Sale

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.