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« Week 4 NFL Play: San Diego | Main | College Football Play of the Day for 10/1/11 »
Saturday
Oct012011

Amazon's New Kindle Fire Costs More to Makes Than it Sells For

DateSaturday, October 1, 2011 at 2:51PM

It retails for $199, but reports say it costs nearly $210 to make.

Citing new estimates from HIS iSuppli said the components used in making the Kindle Fire cost $191.65 and additional manufacturing costs bring the total cost to $10 over the list price.

Good news for shareholders, Amazon.com (NASDAQ:AMZN) has a potential upside of 14.4% based on a current price of $216.23 and an average consensus analyst price target of $247.46.

Amazon.com is currently above its 50-day moving average (MA) of $211.62 and above its 200-day of $192.88.

AuthorRick C.Limpert | CommentPost a Comment |
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