“Development of the Fire phone and Echo was started around the same time. While the Fire phone was a failure, we were able to take our learnings (as well as the developers) and accelerate our efforts building Echo and Alexa.”

Simplified Meaning:

When Amazon created the Fire phone, it didn't do well in the market, which seemed like a big mistake. However, they didn't let this failure stop them. Instead, they took what they learned from it and applied those lessons to their next project, which was the Echo smart speaker and its voice assistant, Alexa. This smart speaker turned out to be very successful. By using the knowledge and skills gained from the Fire phone project, they were able to make the Echo even better and faster. An example from everyday life would be like baking a cake for the first time and it doesn't turn out great. Instead of giving up, you use what you learned about baking to make your next cake much tastier. This way of thinking helps us understand that sometimes failures can provide valuable lessons that lead to success in future endeavors. So, if something doesn't work out the first time, it's important to analyze what went wrong, learn from it, and apply those lessons to your next try.