The more expensive options on the Amazon.com Fire Phone are turning off some analysts a day after the e-commerce leader unveiled a long-expected smartphone. Amazon.com (AMZN) stock was down 1.5% in midday trading on the stock market today, trading near 330. JPMorgan analyst Doug Anmuth said in a research report that “the higher-end price points and smaller size of the Amazon Appstore could be limitations” and might deter some potential users.
Amazon unveiled its long-expected smartphone Wednesday, with new features to help it stand out in a fiercely competitive global market. Founder and CEO Jeff Bezos revealed the black Fire Phone at a Seattle event. The phone boasts a 4.7-inch screen, 3D imaging and a novel Firefly button image-recognition feature that lets the device serve as a user’s eyes and ears to make purchases on Amazon.com (AMZN). Users can snap a photo of a
The new Amazon.com (AMZN) smartphone is unlikely to crimp Apple (AAPL) iPhone sales, Cantor Fitzgerald analyst Brian White said in a research report. Amazon on Wednesday, as expected, unveiled its first smartphone. Called Fire Phone, it is priced competitively with the Apple iPhone 5S and Samsung Galaxy S5. The Fire Phone will cost $199 for a 32-gigabyte model and $299 for the 64-GB model, with a two-year service contract. It will be available