Money Loser

Apparently, Amazon sold millions of Kindle Fire. That’s great for them, but when you know that Amazon actually loses $10 per Kindle Fire sold, it makes you think…

Amazon says: we sold millions of Kindle Fire.

Translation: we lost millions of dollars.

Of course, Amazon’s strategy is to recoup its losses by selling content to Kindle Fire users, especially via the $70 Amazon Prime membership. That’s a gamble though.

In comparison, Apple makes $200-$300 per iPad sold. And that’s money going straight to the bank.