Initial reports are speculating that online retail giant Amazon might be releasing the Kindle Fire 2 either in May or June of this year.

The Kindle Fire was Amazon’s initial foray into the tablet world, an offshoot of the Kindle e-reader, and its success is undoubtedly inspiring the company to make the best follow-up device possible. What type of device this would be is anybody’s guess – there have been no insights recorded as to what features would be present in the new Kindle Fire. The real talk right now is regarding the dollars-and-cents performance of the Kindle Fire and Kindle Fire 2.

Amazon is seemingly making a killing off software and media sales with the Kindle Fire, despite losing P50 per device due to Quanta’s $250-per-unit production costs. This may once again be the case for the next Kindle Fire, but anything can happen between now and the expected release date.

What appears to be in the works is a ‘declaration of Independence’ from Quanta, as Amazon is now planning to do everything in-house when it comes to choosing the right equipment for the new slate. This could save Amazon a lot in terms of operating expenses if they choose to handle this process themselves. Also, Amazon has plans of snaring the iPad market with a higher-end tablet still the focus of rumors.

The Kindle Fire, while very popular with buyers, has received its fair share of complaints on certain issues. Most of these complaints pertain to poor Bluetooth performance and a lack of a microSD card slot.