GO
Loading...

Is Amazon.com Readying a Kindle Smartphone?

Thursday, 17 Nov 2011 | 7:22 PM ET

Just days after rolling out the Kindle Fire tablet device, Amazon.com may be prepping a low-cost smartphone for release next year, according to chatter on Wall Street.

To Piper Jaffray analyst Gene Munster, though, the chances of Amazon releasing a smartphone are “slim to none.” Given wireless carrier relationships, the process of launching a smartphone is completely different from launching a tablet.

No Fire for Amazon's Stock
Gene Munster, Piper Jaffray analyst, discusses the lackluster performance in Amazon stock and whether its smartphone will be able to compete with Apple. Also, the Fast Money traders weigh in on Hewlett-Packard's new board member, Ralph Whitworth.

If Amazon is able to release a phone, many wonder whether it could give Apple’s iPhone a run for its money. After all, Amazon’s Kindle Fire tablet has only been on the market for just over a week, but it’s already received more than 1,100 reviews. It took Apple more than two years to get that many reviews for its iPad device, Munster said. Then again, most of the reviews for the Kindle Fire have been lukewarm, he added.

Looking ahead, Munster said top-line growth will be the driver for Amazon’s stock. The Street is looking for 40 percent top-line growth this holiday season and Munster thinks the company is well on its way.

  Price   Change %Change
VOW3
---

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

CNBC.com with wires.

  Price   Change %Change
AMZN
---
AAPL
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report