Amazon Slashes Kindle Price in Possible Inventory-Clearing Move

by William White | August 12, 2013 12:05 pm

Kindle Fire[1]Amazon (AMZN[2]) drops the Kindle Fire HD’s price to $159.99[3] from $199.

The price drop is probably less about offering discounts and more about clearing inventory. Amazon is likely dropping the price on the Kindle Fire HD to make room for a new Kindle. The company has refused to confirm details on the new tablet, but rumors claim that the Kindle Fire HD successor will run off of the new Qualcomm (QCOM[4]) Snaprdragon processor and Google’s (GOOG[5]) Android operating system. A release date hasn’t been set for the new Kindle, but it will likely come out this fall to compete with Apple’s (AAPL[6]) newest iPad, reports Headlines & Global News.

The Kindle has competition from Google.

Google released a new version of its Nexus 7 in July. The 2013 Nexus 7 runs off of Android’s Jellybean operating system, has a 7-inch 1920×1200 HD display, is powered by a 1.5GHz Quad Core Qualcomm Snapdragon processor and has 2 GB of ram.

Endnotes:

  1. [Image]: https://investorplace.com/wp-content/uploads/2012/11/Kindle-Fire.jpg
  2. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  3. $159.99: http://www.hngn.com/articles/9851/20130812/amazon-drops-kindle-fire-hd-price-to-159-clearing-stocks-for-next-gen.htm
  4. QCOM: http://studio-5.financialcontent.com/investplace/quote?Symbol=QCOM
  5. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  6. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL

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