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

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.

Pandora Falls on Second Day of Trading

Shares of Pandora Radio, a online streaming music service, dropped below their offer price on Thursday.

Pandora was first offered on the New Yok Stock marketing on Wednesday for $16 per share but it plunged to $13.26 on Thursday, losing almost 24 per cent. They bubbled to $26 temporarily in early trading Wednesday, but it didn't last long and ended at $17.42 for Wednesday.

Pandora has garnered 90 million users since it was established in 2000. However, Pandora has yet to make a profit and some financial analysts are pessimistic about the outlook of the firm since the company has to pay huge money for music license.

Analysts think fluctuation on Pandora's share will make investors lose interest in buying Pandora's share.
However, Pandora has initially raised $235 million and had a market value of $2.55 billion at its offer price. Pandora's market capitalization was more than what many analysts valued the firm.

Pandora is selling 6 million of the shares in the IPO, while existing shareholders are offering 8.7 million.