Amazon is reportedly prepping for a Kindle Fire upgrade and specs for the next-generation series have now leaked.

With a new Nexus 7 out and about, Amazon needs to do its own revamping if it wants to stay competitive. A Kindle Fire refresh was long overdue, but it seems it's finally happening.

According to a new report from BGR, the next-generation Kindle Fire series will come rocking the latest Qualcomm Snapdragon 800 processor, clocked at "around" 2GHz. Such ambitious plans seem somewhat intriguing for the Kindle Fire considering that Amazon wants to keep the price point low for its tablets.

"If you think the new Nexus 7 is impressive, just wait until you see what Amazon is preparing to debut this fall," touts BGR.

The latest Qualcomm Snapdragon 800 processor is generally suitable for high-end, top-tier products with a price to match. Amazon's flagship lineup, the Kindle Fire, was mainly successful due to the affordable price tag, but a Snapdragon 800 would make it difficult to keep the cost down.

The next-generation 7-inch Kindle Fire HD slate will reportedly sport a high-resolution 1920 x 1200-pixel display, as well as a new design. The quad-core Snapdragon 800 includes four Krait 400 CPUs and Adreno 330 graphics, backed up by 2GB of RAM.

Other reported specs of the upcoming 7-inch Kindle Fire HD include a front-facing camera, Wi-Fi, as well as available cellular connectivity. The slate will come in 16GB/32GB/64GB storage configurations and internal test units are reportedly running on Android 4.2.2 Jelly Bean underneath Amazon's customizations.

A new 8.9-inch Kindle Fire HD model, meanwhile, will launch this fall with specs similar to its smaller sibling. It will sport the same 2560 x 1600-pixel resolution and Snapdragon 800 chipset, front-facing camera and optional cellular connection support. It will also come with the same 2GB of RAM and the same available storage configurations. The big difference, however, is that this model will pack an 8-megapixel rear camera, while the 7-inch version only has a front shooter.

That 1920 x 1200-pixel resolution on the 7-inch model would have the slate compete with the refreshed Nexus 7, while a 2560 x 1600-pixel resolution on the larger, 8.9-inch model would take on the iPad and the Nexus 10.

BGR further learned from "multiple sources" that Amazon is gunning for a fall release, potentially late September. Pricing is reportedly not finalized at this point, but Amazon is trying to maintain its current price points for its Kindle Fire lineup. Until Amazon makes an official announcement, however, take things with a grain of salt.