The struggles of Amazon's Fire smartphone were laid bare in its third quarter results, as the online retailer revealed it had $83 million of unsold stock.
In a quarter that saw the free-spending company make a $437 million loss, Amazon recorded a $170 million charge, "primarily related to Fire phone inventory valuation and supplier commitment costs."
In a call with investors, CFO Thomas Szkutak noted that the bulk of the charge was related to its North American, with only $25 million attributable to foreign territories. He also revealed that company was sitting on $83 million worth of unsold Fire phones.
Amazon introduced the Fire phone in July this year. Along with the Kindle Fire and Fire TV, Amazon's phone was one piece of a new hardware strategy with the potential to become a lucrative platform for game developers.