Shares of Amazon.com, Inc. (NASDAQ:AMZN) slightly down as reported on Thursday that it has sold out of its Kindle Fire tablet computer among prospect of a new model for the holiday season.
The Internet retailer has a main press conference scheduled for coming Thursday in Santa Monica, Calif. It’s broadly anticipated to reveal a new model of the Fire there, so Thursday’s declaration that the first model is “sold out” suggests that Amazon halted production a while before to retool for a new model.
Amazon released the $199 tablet previous November. It was the first Kindle with a color screen and the capability to run third-party applications, introduction it in rivalry with Apple Inc. (NASDAQ:AAPL)’s iPad, at half the price of the cheapest iPad.
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