Bezos calls Amazon's Fire Phone 'bold bet,' says company will keep trying

Amazon (NASDAQ: AMZN) CEO Jeff Bezos defended the company's first smartphone, the Fire phone, as a "bold bet" that has not yet paid off, but is part of a culture of experimenting and risk taking at the retail and commerce giant. Bezos indicated that future iterations of the phone would be coming but declined to give details or a timeline. FierceWireless' Phil Goldstein has a complete report here.

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