Are you in the market for a Kindle Fire? You might want to wait a little longer to buy one, because a new report indicates that Amazon is putting the finishing touches on a new version.
According to a Monday report from CNET, which cited a "credible source," Amazon is gearing up to unveil its second-generation Kindle Fire this summer. The online retailer is reportedly eyeing July 31 for a Kindle Fire 2 launch event.
Amazon announced the original 7-inch Android-powered Kindle Fire last September, and it began shipping in November. While it could maintain a similar timeframe for its next-gen Kindle Fire, a summer launch is more likely as it would allow the device to compete with other tablets like the iPad during back-to-school shopping, the report noted.
Amazon will likely follow Apple's lead by adding features and design and performance improvements, but keeping the same price, CNET reported. The Kindle Fire currently sells for $199.
Rumors about new Kindles have been circulating for some time. Digitimes, which has a spotty track record when it comes to tech rumors, recently reported that Amazon is considering launching a new $199 7-inch tablet with a higher resolution 1,280-by-800-pixel display. Digitimes put the launch at the beginning of the third quarter.
Digitimes also reported back in May that Amazon is planning to launch a larger 10.1-inch Kindle Fire in the third quarter of the year. Meanwhile, rival Apple is reportedly working on an iPad with a smaller screen, which would compete with Amazon's affordably priced tablet.
Also on the tablet front, Google is expected to announce its own 7-inch Nexus Tablet tomororw at the company's I/O developers conference in San Francisco.
For more, see PCMag's full review of the Kindle Fire and the slideshow below.