This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

What Will Be in the Kindle Fire 2?

Stocks in this article: AMZN AAPL GOOG

SANTA MONICA, CALIF. ( TheStreet) -- Amazon (AMZN - Get Report) is hosting a huge press conference in Santa Monica, Calif. on Thursday, and all signs point to the online retailer announcing a new version of its Kindle Fire.

Undoubtedly, this will be an important event, with Amazon CEO Jeff Bezos set to unveil the company's latest and greatest product. Up to now, however, there's been little in the way of leaks and details about the announcement.

Some have speculated that Amazon will announce its entry into the smartphone market as it continues to move into the consumer electronics space to take on both Apple (AAPL - Get Report) and Google (GOOG), but this event may be too soon for that kind of announcement. It's more likely to be Kindle-related, given that Amazon has historically announced its new Kindles around this time of year, and the company recently announced it's adding more content to its Amazon Prime library.

Perhaps the location of the event provides some hints about today's news. On Tuesday, Amazon and Epix announced a deal that will double Amazon's library of movies, including titles such as The Avengers, Iron Man 2 and The Hunger Games from Epix's studio partners. Perhaps another deal like this is in the pipeline to bring more content to Amazon's audience.

The Kindle Fire currently comes in a 7-inch model, but there's been speculation that the next version could be larger, perhaps a 10-inch offering to truly compete with the iPad. Apple held 68.2% of the tablet market at the end of the second quarter, according to tech research firm IDC. Amazon held 5%, behind Samsung, which owned 9.6% of the market.

While many loved the $199 price point of the original Kindle Fire, there were also complaints about the tablet's feature set. Gripes included buggy software, difficult Internet browsing, and a lack of features compared to the iPad.

There has been chatter that the new Kindle Fire may feature a front-facing camera, whereas the current version features no camera. It may also offer an HDMI slot to easily plug it into your television. It could also feature a higher-resolution screen, given the success Apple has had with its Retina Display screens on both the iPhone, as well as the iPad.

No matter what the new Kindle Fire has in it, looks like, or who Amazon works with, one thing is certain. It's bound to have everyone's attention.

That's until all eyes shift to Apple next week.

TheStreet will be live-blogging the Amazon press event, starting at 1PM ET:

Interested in more on Amazon? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in Santa Monica

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,387.21 -291.49 -1.65%
S&P 500 2,030.99 -26.10 -1.27%
NASDAQ 4,687.3870 -84.3760 -1.77%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs