MarketFoolery: 09.28.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 September 2011
⏱️ 14 minutes
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Summary
Amazon introduces its new Fire tablet. Will it be a hot seller? Is it a threat to Apple's iPad? What does it mean for Amazon's bottom line?
Transcript
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| 0:00.0 | It's Wednesday, September 28th, and this is Market Foolery. |
| 0:05.0 | I'm Chris Helen joining me in studio today from Motley Full Stock Advisor, Jason Moser, |
| 0:09.0 | the Motley Full Hidden Gems, Charlie Travers, and for Motley Fool Asset Management, Bill Mann. |
| 0:13.5 | Guys, good to see you. |
| 0:16.0 | We will have a follow-up to our discussion about Doritos that we had yesterday, but we will |
| 0:21.8 | begin with today's big news. This morning Amazon unveiled its Kindle Fire |
| 0:26.6 | tablet which comes with a price tag of $199. At the event in New York City, |
| 0:32.3 | CEO Jeff Bezos also announced two new versions of the Kindle E |
| 0:35.9 | reader with priced eggs of $79.99. |
| 0:40.1 | Guys, a lot to get to here, but let's start with the tablet and we'll just go |
| 0:44.8 | around the table Charlie what did you think yeah they really put a flag in the |
| 0:49.4 | ground on the low end of the market you know so to get a hundred199 tablet that to shrink the screen size, take out |
| 0:55.0 | the camera, the microphone, get a little less memory. That said, for what they're aiming for |
| 0:59.5 | is basically a portal to sell more products through Amazon.com at a price point that's going to |
| 1:04.2 | be attractive to people who are kind of gun shy about a $500 plus iPad I think they |
| 1:09.2 | nailed it. Jason? I agree I think they hit it out of the park and the nook killer ought to do very well in the market. |
| 1:15.0 | Right. |
| 1:16.0 | Yeah, no thing I wanted to look at this. |
| 1:18.0 | Technically I think the name is Kindle but you're... |
| 1:21.0 | Now is the working title. |
| 1:22.0 | This is actually from an educated perspective here as a nook owner. |
| 1:26.1 | You know, they hit the, they hit the, you know, |
... |
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