During its earnings call yesterday Amazon gave some clues about just how spectacularly its Fire Phone business is tanking — making it seem one of the worst tech ideas since the RMS Titanic shipped without lifeboats.
How bad are we talking? At the end of its disappointing third-quarter the company still has a massive $83 million worth of unsold inventory sitting around.
It’s now taking a $170 million charge “primarily related to Fire phone inventory valuation and supplier commitment costs.”