Amazon.com Inc. (AMZN) Has Run Out of Kindle Fires

Well, it’s official. The world is coming to the end. Amazon.com Inc. (NASDAQ:AMZN), the home of millions of products for virtually any room and anything a person could want – has no more of its own products on its ample shelves? Maybe the Mayans were right.

Amazon.com, Inc. (NASDAQ:AMZN)

OK, overdramatics aside, but perhaps it’s more than noteworthy that Amazon.com Inc. (NASDAQ:AMZN) isn’t just running short on its Kindle Fire tablet, but it announced it has actually, literally, run out of the devices. And now that his has happened, all of the speculation is now becoming a wildfire of discussion that the company will unveil a new version of the $199 Fire at its announced event next week in Santa Monica, Calif.

Upon the announcement, Amazon.com Inc. (NASDAQ:AMZN) stock rose to an all-time high of $250 per share before settling back to about $247.

Since the $199 Kindle Fire came to the market last November, the device has seized more than 20 percent of the tablet market , according to Amazon.com Inc. (NASDAQ:AMZN) CEO Jeff Bezos. “We have an exciting roadmap ahead,” he said in a news release. “We will continue to offer our customers the best hardware, the best prices, the best customer service, the best cross-platform interoperability, and the best content ecosystem.”

The tablet market is expected to explode this year, with research firm Gartner predicting that  tablet sales are expected to double this year, to about 119 million units.

Amazon.com Inc. (NASDAQ:AMZN) reported that its most popular sales have been digital items like videos, music and movies. All of which can be accessed on a Kindle Fire. Now that there are no more Kindle Fires in stock, a fresh stock of a new version of the device will encounter a more intense tablet competition, but may likely be welcomes by key investors in Amazon, such as hedge-fund managers like Ken Fisher of Fisher Asset Management, who had $590 million invested as of the end of June.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!