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AT&T May Drop the Facebook Phone: Ahead of the Ticker

NEW YORK ( TheStreet) -- AT&T (T - Get Report) is reportedly ready to drop Facebook (FB - Get Report) Home after consumers proved to be less than impressed.

Just a month after launching the HTC First, the first smartphone to feature the Facebook Home operating system, at $99, AT&T dropped the price to just 99 cents

Now, reports said AT&T is getting ready to discontinue the so-called "Facebook phone" altogether. While AT&T released a statement saying it "made no decisions on future plans," tech blog BGR cited a source at AT&T that revealed "sales of the HTC First have been shockingly bad." According to BGR, its sources said less than 15,000 units had been sold by the end of its first month.

BGR said the price cut is an attempt to shed as much inventory as possible, and once HTC's in-store display contract with AT&T expires the phone will be discontinued and surplus inventory will be returned to HTC.

Launched in the beginning of April alongside the stand-alone Facebook Home app, which is available for free download, the HTC First features Facebook on the phone's home screen. It uses Android Jelly Bean, has a 4.3-inch 720p display and a 5-megapixel camera.






Amazon (AMZN - Get Report) introduced Amazon Coins, a digital currency for Kindle Fire owners that can be used to purchase apps and games.

The company hopes Coins will be easier to use and will spark more paid downloads from the Amazon Appstore.

"It's another opportunity to drive traffic, downloads and increased monetization," Amazon said in a developers blog post. The company said Appstore developers will continue to earn 70% revenue share when customers make in-app purchases.

The company on Monday gave Kindle Fire owners $5 worth of Coins to spend on new apps or games or to purchase in-app items.

Amazon said there are no fees attached to Coins and they never expire. Five hundred Coins cost $5; 1,000 cost $10 and 10,000 cost $100, but the company said there are discounts on them of up to 10% if users buy them in bulk.

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