I bought a $29.99 Kindle Fire Zip Sleeve, which is easily at least $10 in profit to Amazon. Unlike iPad owners, Kindle customers buy covers, so I'm probably not in the minority, even if it is a relatively cheap device.
When ours comes in, I also plan to buy apps, etc. Easily an additional $10 will be spent within days of acquisition. My guess is that they will have at least another $30 in profit the first year from books, etc. and may sign up for Amazon Prime to get unlimited streaming, which is something I hadn't considered seriously until I saw it on the Fire page.
No wonder Amazon stock went up about 20% over the past several months. Some people knew this was going to be a big win.