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What You Need to Know About Amazon’s New Fire Phone

It’s official: Amazon.com (AMZN) is in the phone business. Chief Executive Jeff Bezos showed off a black glass rectangle with a rubber frame called the Fire Phone. The device will be sold, starting July 25, through AT&T (T) for $199 with a two-year contract, the same price as other high-end smartphones. The screen on Amazon’s phone is larger than Apple’s (AAPL) iPhones but smaller than…

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