The Kindle Fire 2 isn't the only big product Amazon is working on. Sources told Bloomberg that the online retail giant is currently developing a smartphone to compliment its tablets. According to the people close to the situation, the smartphone will run a modified version of Google's Android operating system similar to the one that runs on the Kindle Fire. Manufacturing will be handled by Foxxcon International Holdings, the same company that builds Apple's iPhones and iPads.
Head to Bloomberg for the full report.