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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
995 Following    214.2K Followers
Amazon $AMZN is internally forecasting a $612 million gross loss for its devices business in 2026, compared with its original target of $438 million, per Business Insider. An internal document cited surging memory chip costs as a major factor, forcing “difficult trade-offs” between device pricing, sales volumes and profitability. Amazon has already raised prices on Echo, Kindle and Fire TV devices, while replacing its budget Fire tablets with more expensive Alexa tablets.
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