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Kindle Fire has sold out, says Amazon

  • Amazon said on Thursday its Kindle Fire tablet computer has sold out, sparking speculation that the world's largest Internet retailer could launch a new version of the device at an event next week.

    Amazon shares hit a record high of $250 after the announcement, before closing at $247.37.

    Amazon Chief Executive Jeff Bezos said the 7-inch Kindle Fire made up 22 percent of U.S. tablet sales since it was released in November selling for $199, cheaper than rival Apple’s market-leading iPad.

    Amazon is hosting a media event on September 6 in Santa Monica, California.