Amazon to Unveil iPad Rival

    The Amazon.com Inc. Kindle electronic book reader is displayed on a computer monitor in Washington, D.C., U.S., on Friday, April 1, 2011. Amazon.com is considering the introduction of a service that would let consumers pay for goods in brick-and-mortar stores using their mobile phones, according to two people with knowledge of the project. Photographer: Andrew Harrer/Bloomberg via Getty Images

    Andrew Harrer, Bloomberg / Getty Images

    Amazon will reveal its much-anticipated Kindle Fire on Wednesday—a device that many predict will be the first true competitor to the iPad, especially since it is expected to cost less than $300. The tablet will come with a fully customized version of Google’s Android OS, which will link up with Amazon’s ebook, video, and music sales. But consumers may end up wanting to hold off on purchasing the first-generation device: according to the website gdgt, Amazon rushed the first generation for the holiday season and could release a second-generation device as soon as first quarter 2012.

    Read it at The Wall Street Journal