The following video is from Wednesday's edition of Investor Beat, in which host Chris Hill and Motley Fool analysts Jason Moser and Matt Argersinger dissect the hardest-hitting investing stories of the day.

Late Tuesday night, Amazon (NASDAQ:AMZN) announced an update to its Kindle Fire tablet line. The new Kindle Fire HDX tablet is 34% faster and comes with a lower price tag. In today's lead story on Investor Beat, Jason and Matt discuss the new tablet and its low price point, and give their opinions on just how worried Apple (NASDAQ:AAPL) should be.

Chris Hill and Jason Moser own shares of Matthew Argersinger owns shares of Apple and and has the following options: long January 2015 $400 calls on Apple, short January 2015 $400 puts on Apple, long January 2014 $200 calls on, short January 2014 $200 puts on, and short January 2014 $300 calls on The Motley Fool recommends and owns shares of and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.