Amazon’s little Kindle Fire seems to be running circles around the competition. According to the latest report out of IDC, Amazon’s cut-price tablet managed to seize 16.8 percent of the tablet market in Q4 2011.

IDC estimates that Amazon managed to ship 4.7 million units, but it is worth noting that the Kindle Fire started shipping to consumers in mid November, so it wasn’t even on sale for the first six weeks of the quarter. Moreover, it is still not available in some markets.

Samsung came in at a distant second place, with a 5.8 percent share, but Apple still reigned supreme with a 54.7 percent share.

Amazon is rumoured to be working on a 10-inch tablet, as well as a new 7-incher, but neither will launch anytime soon.