November 21, 2011

Citigroup: Amazon Developing Kindle Phone

Amazon is reportedly developing a Kindle smartphone in Taipei that will cost between $150 and $170 to build
Now that Amazon's Kindle Fire tablet is nearly a week out the door, the high-tech media can drool over the next hot gadget rumour: the Kindle Phone.
Citigroup analyst Mark Mahaney told clients in a research note (via AllThingsDigital) that hardware checks in Taipei indicate the e-commerce giant will launch a smartphone in the fourth quarter of 2012.

Low-cost phone

Mahaney wrote: "Based on our supply chain check, we believe FIH is now jointly developing the phone with Amazon. However, we believe that Amazon will pay NRE (non-recurring engineering fees) to FIH but the device and multiple components will actually be manufactured by Hon Hai's TMS business group (the same business group that makes Amazon's e-reader..............



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