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If they had the same storage as the Fire, at the same price, and with all the extras like GPS and SD cards that the Fire doesn't have, they would still be outsold by the Kindle Fire by a bare minimum of 10-1, and probably much higher than that.
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If Lenovo is smart, they'll do some heavy marketing on the fact that they have Market and Netflix and Fire doesn't. I don't know if they can really put a Big Brother spin on Amazon's Silk browser, but if they could push the fact users won't be in a walled garden, that might get some casual consumers' attentions, because a lot of them won't realize what the Fire entails. Of course, we don't everything about the Fire yet, so the walled garden might not be as high as Negative Nelly might assume.
I don't think Lenovo A1 will outsell Fire. There just isn't the presence or exposure for that, plus some people will just see the price or simply not care that Amazon's in control. But I think if they played their cards right, Lenovo could eat into Fire's sales. I used "smotherer" as a cheap word ploy ;-) It's Friday, cutesy can do bad things.