What does an iPad do that an Amazon tablet doesn't?
There was the iPod. It made profits. There were a bunch of cheap, crummy little MP3 players. They didn't make profits, or at least not anything worth mentioning. There were some notable failures like Zune, but the iPod is still making money. The Amazon tablet is just another sorry attempt to imitate the iPad. If you want to pay 100x earnings for the company, you can invest in it.
But I guess this post is pretty much of a waste of time because it doesn't seem that Amazon investors care much for profits anyway. They seem to prefer hype. And when it comes to hype, the Amazon tablet delivers.
100x earnings is just way too cheap for a company with this much hype. It's a steal. The PE should be more like 500 maybe, but only after they come out with a solar-powered cloud tablet for the China market. That would generate some major hype.