Kindle Fire 2 could be released as early as July

According to  CNet, the latest generation of the Kindle Fire could be released much sooner than initially expected. Based on evidence provided by a “credible source”, the Kindle Fire 2 is slated for a July 31 release date.

At this point, everything is based on rumors and speculation, and nobody is sure that Amazon’s new premium tablet will even be called the Kindle Fire 2.

However, there have been some juicy rumors floating around about some of the new and improved specs on the second generation Kindle Fire. Here are some of our favorites:

-One source said that the Kindle Fire 2 would feature a high resolution 1280×800 display resolution.

-Some have suggested the new Kindle Fire will have a number of exterior modifications, including a new camera and physical volume button controls

-Little is known about the hardware inside the Kindle Fire 2, but expect it to be an upgrade over the fixed 8GB memory limit on the original Kindle Fire. As of yet, it’s unknown what kind of processor will power the device or whether or not Bluetooth functionality will be included.

If the Kindle Fire 2 is released on July 31, expect prices for the original Kindle Fire to drop as low as $149 soon afterwards.

The original Kindle Fire was released in September of 2011. This year, it looks like the 2nd generation Kindle Fire could be released much sooner than that. You might want to hold off on buying that tablet upgrade for at least another month.

What about the next generation Kindle?

Last year, Amazon launched the Kindle Fire and a new generation Kindle at the same time. For the rumored July 31 event, a similar thing could happen. Many people expect Amazon to release a light-up version of the Kindle very soon, especially after Barnes & Noble’s Nook Simple Touch with GlowLight has been on the market for a couple of months now.

Amazon might also see competition from new tablets featuring Android 4.1, also known as Jelly Bean. Using that operating system, 7-inch tablets from Asus and Samsung could both challenge the Kindle Fire for dominance in the value tablet market.

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