New Tablets Designed to Kindle Price Wars

The iPhone 5 launch on Wednesday, Sept. 12, is sure to be the most important event for tech investors this year. The Motley Fool will be hosting a live chat where our top tech analysts will answer your questions and break down what the announcement means for Apple and tech investors everywhere. Be sure to swing by at 12:45 p.m. ET tomorrow for all your coverage of Apple's next big announcement. (NASDAQ: AMZN  ) has unveiled its second-generation Kindle Fire tablet line, introducing a feature-packed 8.9-inch model in addition to an updated version of the original.

One thing made clear is that Amazon is willing to compete on price, even potentially losing on margins to gain market share. Its new tablet price points seem nothing less than declarations of war on competitors. Take the revamped, entry-level Kindle Fire -- at $159, it signicantly undercuts Google's (NASDAQ: GOOGL  ) $199 Nexus 7. And Amazon's brand-new Kindle Fire HD, priced at $499, is an 8.9-inch, 4G-enabled tablet with 32GB of internal memory -- clear competition for Apple's (NASDAQ: AAPL  ) iPad, but $230 less.

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Tablets represent a huge growth market for Amazon, especially with price points capable of blowing the competition out of the water. What most people don't know about Amazon, though, is that it has an entire arsenal of potential game-changers up its sleeve, making it a force to be reckoned with no matter what the arena. If you're looking to own Amazon itself or even one of the companies it takes sales from, understanding its prospects for the future is essential. That's why we've created this new premium report on Amazon, which runs through everything investors must know about the company. Our report also has you covered with a full year of updates as key new hits, so click here now to get started.

Andrew Tonner and Brendan Byrnes own shares of Apple. You can follow Andrew and all his writing on Twitter at @Andrew Tonner. The Motley Fool owns shares of Apple,, and Google. Motley Fool newsletter services recommend, Apple, and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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