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.

  1. [Image]:
  2. AMZN:
  3. $159.99:
  4. QCOM:
  5. GOOG:
  6. AAPL:

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