It is believed that Amazon will reveal the Kindle Fire 2 tablet at a launch event on July 31. It is believed that the device will have a price of $199 and the price of the old Kindle Fire will drop.

The source reported that the tablet would add a camera and physical volume buttons to the overall hardware. Resolution and chip-set are expected to be updated, but it is uncertain how much; another report said the new Kindle Fire to add a 1280×800 screen.

Source: CNET