After just being announced in late July, Amazon (NASDAQ:AMZN) cut the price of its Fire phone to 99 cents with a two-year AT&T contract. Is this a cause for concern for Amazon, or just a typical marketing move?
In this consumer goods segment of Where the Money Is, Motley Fool analysts Sean O'Reilly and Nathan Hamilton explain why Amazon cut the prices on its Fire phone and whether or not other phone makers and carriers have made similar massive price cuts so soon into a product's launch.
Nathan Hamilton has no position in any stocks mentioned. Sean O'Reilly has no position in any stocks mentioned. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.