Amazon Stock Dips in 2014, In Part Due to Fire Phone

“Shareholders punished Amazon for its free spending on projects such as the Fire smartphone and other gadgets and a widening network of warehouses close to urban centers. The company has admitted it botched the phone’s rollout, mainly blaming its price for slow sales.”

I guess we can finally all agree that the Amazon Fire Phone, even with the heavy TV ad rotation, didn’t set the world on “Fire.”

[Via WSJ Digits blog…]