This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Amazon Cuts Kindle Fire Prices for Cyber Monday

NEW YORK (TheStreet) -- While the media obsesses over Amazon's (AMZN) move into drone delivery, which is a few years away, the online retailer works on conventional ways to get consumers to buy goods, and it's cutting prices on its Kindle Fire tablets in the effort.

Starting Sunday and continuing through Monday, Amazon customers will get $50 off the Kindle Fire HD 16GB and the Kindle Fire HDX 7-inch tablet. Both tablets will be priced at $119, and $179, respectively, while supplies last.

"The new Fire tablets are the best tablets we've ever built -- the reviews from press and the feedback from customers has been overwhelmingly positive," said Neil Lindsay, vice president of Amazon Kindle, in a press release. "We're excited to be able to offer $50 off Kindle Fire HDX 7 and the all-new Kindle Fire HD 16GB for Cyber Monday."

TheStreet recently reviewed Amazon's Kindle Fire HDX, noting it "is a vast improvement over last year's model."

In an interview with Charlie Rose of 60 Minutes Sunday night, Amazon CEO Jeff Bezos continued to reiterate that Amazon's devices, namely its Kindle Fire tablets, are sold at cost in an effort to get consumers to buy more goods from Amazon.

Below is an excerpt of an exchange between Rose and Bezos regarding the Amazon business model.

Charlie Rose: So you sell this at break even?

Jeff Bezos: We sell this at break even and then we hope to...

Charlie Rose: That's a very thin margin.

Jeff Bezos: It's a very thin margin. But we hope to make money when you...

Charlie Rose: Sell all the stuff...

Jeff Bezos:...buy books and movies...

Charlie Rose: That's always been your philosophy.

Jeff Bezos: Exactly.

Amazon shares were lower in Monday trading, off 0.67% to $390.98.

--Written by Chris Ciaccia in New York

>Contact by Email.

Stock quotes in this article: AMZN 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs