Amazon's Fire phone has been doing so badly on the market, that the company took a $170 million hit in the third quarter of 2014 and is currently sitting on $83 million worth of unsold devices. But even all those millions aren't enough to make the retailer throw in the towel -- Amazon SVP of Devices David Limp toldFortune that the execs are moving forward with their plans to develop and release more phones in the future. According to Limp, the company blames the Fire phone's originally steep pricing for its failure to sell. In fact, the 32GB model used to cost $200 on contract until Amazon was forced to drop its price to just 99 cents in September.
http://www.engadget.com/2014/10/31/amazon-fire-phone-sequels/
