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The Amazon Kindle Fire is possibly the first real competitor to Apple's iPad. It has many advantages stemming from Amazons ability to leverage it's online services dominance. It's also priced at $199 (an incredibly agressive price point). Here are some more details on the device -
Movies, apps, games, music, reading and more, plus Amazon's revolutionary, cloud-accelerated web browser
18 million movies, TV shows, songs, magazines, and books
Amazon Appstore - thousands of popular apps and games
Ultra-fast web browsing - Amazon Silk
Free cloud storage for all your Amazon content
Vibrant color touchscreen with extra-wide viewing angle
Fast, powerful dual-core processor
Amazon Prime members enjoy unlimited, instant streaming of over 10,000 popular movies and TV shows
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