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Amazon.com, Inc. (AMZN)’s Fire – The Best Selling Tablet in the USA

Amazon.com Inc (AMZN) Fire

It has been reported that the Amazon.com, Inc’s bottom of the range Fire tablet has now become the best-selling tablet in the USA, beating other Amazon tablets & Apple Inc’s IPads. Amazon.com, Inc declined to give specific figures, but they believe that their Fire tablet (which costs just $50) was the best-selling tablet in the USA for the first quarter of 2016. Aaron Bromberg, Senior Manager of Product Management, said that they had reached the conclusion “based on internal data as well as external data.”.

Amazon.com Inc (AMZN) Fire

The release of the Fire 7 Kindle was announced in September 2015, and with a price tag of around $50, it is Amazon.com, Inc’s cheapest Kindle for sale. Although the Kindle Fire has proven to be successful, the tablet market is shrinking, with a 14.7% decrease in worldwide tablet shipments in the first quarter of 2016 (this was reported in April by market research firm IDC.) However, IDC also reported that the lower end of the tablet market was in fact growing.

Amazon Fire 7 – Excellent Value for Money

Although the Fire 7 is not as good as other tablets on the market, it is excellent value for money. The Amazon Kindle Paperwhite is around 2-4 times more expensive than the Fire 7 (depending on the exact specification), but they both have the same core functionality.

Jeff Bezos Talks About Space

In an interview in South California, Jeff Bezos, the CEO of Amazon.com, Inc said “Let me assure you, this is the best planet (referring to Earth.)” He went on to discuss the prospect of moving factories off planet Earth, saying “Energy is limited here. In at least a few hundred years …. all of our heavy industry will be moved off-planet. We can build gigantic chip factories in space. We don’t have to actually build them here,” he said. “The Earth shades itself, [whereas] in space you can get solar power 24/7.”

Jeff is also the founder of Blue Origin, a privately funded space exploration company, which is attempting to make space travel more affordable. In order to slash the cost of space travel, they are trying to develop reusable rocket boosters. Blue Origin have landed their New Shepard Rocket 3 times, most recently in April 2016, demonstrating that there are successfully working towards Jeff’s vision, where space travel is much more affordable & thus, common.

As of 13:10 EST, a share in Amazon.com, Inc was trading at $724.10, giving the company a market capitalization of $340.16 billion. Their share price is currently at a record high, with some analysts predicting that their stock could reach the $1,000 mark. Amazon.com, Inc is active in a range of sectors, including the fashion industry (which they recently entered by launching 7 fashion labels.)

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