Investor got shocked upon Amazon.com Inc announces a far weaker-than-expected outlook for the decisive holiday season quarter as it spent a lot on its new Kindle Fire tablet computer.
The stock fell down 12 percent Tuesday in comprehensive trading as the news raised concerning Amazon’s loses some of the revenue momentum, which had helped investors forget its razor-thin profit margins.
Looks like Amazon are going to an unchartered territory as it tries to compete with the best in the industry. Reports claim that Amazon produces their own touch-screen tablet to compete against iPad.
Last Wednesday, the company introduces their own line of the tablet to the ever expanding market of handheld computers. The new device called Kinder Fire has the capability to connect to the Web, streams movies and TV, displays e-books as well as supports thousands of apps.