Amazon Unveils $299 Kindle Fire HD, $499 with 4G LTE

By Louis Bedigian,

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Amazon (NASDAQ: AMZN ) has unveiled a new version and a new price of the seven-inch Kindle Fire along with a high-end tablet designed to compete head-on with Apple's (NASDAQ: AAPL ) iPad. In fact, the company unveiled four Kindle Fire devices, confirming the implausible-sounding rumor that claimed Amazon was building multiple tablets.

The standard, seven-inch Kindle Fire has been upgraded with a faster processor, double the RAM, longer battery life, and a snazzy new price -- $159.99.

The $199 price tag remains in place for the seven-inch Kindle Fire HD, while the all-new 8.9-inch Kindle Fire HD will retail for $299. The latter device comes packaged with a 1920x1200, 254ppi display , a front-facing camera for making Skype video calls (among other things), and an OMAP 4470 processor from Texas Instruments (NYSE: TXN ) that reportedly outperforms NVIDIA's (NASDAQ: NVDA ) Tegra 3 processor.

Amazon did not stop there. Although the company failed to announce the reportedly confirmed Kindle Fire smartphone, the online retail giant went the extra mile and unveiled a $499 tablet that supports 4G LTE. Better still, Amazon is launching a new service that will provide users with 250MB of data (per month), 20GB of cloud storage, and a $10 Amazon Appstore Credit for $49.99 per year.

Last but not least, Amazon unveiled the long-awaited Kindle Paperwhite, the first e-reader to feature the so-called "paperwhite display." In short, the company said that it had to build this display from the ground up to provide a clearer, sharper, and more enjoyable reading experience with 25 percent more contrast and 62 percent more pixels. This new Kindle comes in two varieties -- 3G ($179) and Wi-Fi ($119).

Follow me @LouisBedigianBZ

(c) 2012 Benzinga does not provide investment advice. All rights reserved.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: AAPL , AMZN , NVDA , TXN

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