Amazon is reportedly working on a new Kindle Paperwhite, which is expected to have a high resolution of 300ppi. The new device is set to release in the second quarter of 2014.

Amazon is taking advantage of its Kindle popularity and has come up with a new version. Just a month ago, the company launched its sixth-gen Kindle Paperwhite, first self-illuminating e-ink reader. This new Kindle Paperwhite succeeded the previous model, which was launched less than a year ago. And latest reports suggest that Amazon is now again coming up with a newer and better model to keep up with the competition.

Amazon is reportedly working on a new Kindle Paperwhite that is set to release in the second quarter of next year, TechCrunch reports. The device sports a high-resolution 300 pixel-per-inch (ppi) display, which will go head-to-head with competitors like Kobo. The Kobo Aura HD sports 265ppi display, currently the highest-resolution e-reader display in the market. Amazon's current Kindle Paperwhite 2.0 features a 212ppi screen.

Amazon is not only improving the display resolution in its next iteration, but will also modify the hardware. The upcoming Kindle, codenamed "Ice Wine" will feature a lighter design, something similar to the new Kindle Fire HDX tablets, with beveled edges, rear power button and a display that is flush with the front panel than dug in, TechCrunch reports.

Besides certain modifications to the hardware and the display, Amazon is not making a huge leap in terms of software developments. The yet-to-be-announced tablet will boast a custom designed font, best suited for reading.

While the release is still months away, the news of another Kindle in the pipeline soon after the launch of a new one may sound upsetting to those who bought the $119 Kindle Paperwhite. The new design will not launch in time for the holiday season.