Amazon offers new Kindle Fire tablets

Amazon has expanded its E-reader family to include an HD version of the popular Kindle Fire. The Kindle Fire HD is available in two sizes with a variety of storage options and wireless capability. The original Kindle Fire received an upgrade to include faster performance, longer battery life, and a lower price at $159.

The highlight of the event, Kindle Fire HD is a new tablet model that will come in two sizes, have a clearer display and a faster processing speed for downloading digital content. While designed to compete with iPad and other larger tablets, the new 8.9-inch display model — with 1,920 by 1,200 pixel resolution — will carry a $299 price tag, making it cheaper than many competitors. It'll take orders for the 8.9-inch model today, which will begin shipping Nov. 20. The 7-inch model, with 16 gigabytes of storage, will be priced at $199. It'll ship starting Sept. 14.

Amazon's library now contains 120,000 movies and TV episodes and 100,000 audiobooks. "We want to make money when people use our devices, not when they buy our devices, Bezos says.