Amazon's Kindle Fire Tablet Raises Questions About Keeping Up With Demand
Автор: FinancialNewsOnline
Загружено: 2011-09-30
Просмотров: 755
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Amazon's (NASDAQ:AMZN) Kindle Fire tablet has raised questions about the company's ability to keep up with demand due to its low price of $199 and the company's already thin profit margins.
CEO Jeff Bezos unveiled the Fire on Wednesday. He urged customers to pre-order the device, potentially warning consumers that the device will sell out.
In 2007, the company had not made enough of its first Kindle and the device ended up selling out in less than a week, which caused Amazon to miss out on sales and limiting quick adoption of the e-reader.
Amazon.com has a potential upside of 11.2% based on a current price of $222.44 and an average consensus analyst price target of $247.46.
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