The 6-inch Fire HD tablet launched last year is currently selling for around $100, which is a nice price tag. However, there are more affordable tablets and Amazon wants a piece of that cake with the Fire HD successor. The new tablet is expected to be priced at around $50.

To achieve that price, Amazon has to drop down some features and hardware. The new 6-inch Fire Tablet will no longer have stereo sound, but there are probably a few more things we yet don't know. Two versions will be available, an 8-inch and 10-inch variant. No word on specifications.