Amazon reveals Kindle Fire 7-inch Tablet

Amazon has recently reveal their latest Kindle Fire 7-inch Tablet, taking aim at Apple Inc. (AAPL)’s bestselling iPad with a device that’s smaller and less than half the price.

The Kindle Fire is powered by a 1GHz dual-core processor with 512MB RAM. It has a 7-inch IPS multitouch display with 1024×600 resolution and supports WiFi 802.11b/g/n for downloading content and streaming media from Amazon.

The Kindle Fire will have a 7-inch display and sell for $199, compared with $499 for Apple’s cheapest iPad, Amazon executives said in interviews with Bloomberg Businessweek.