Second Generation Nexus 7
Second Generation Nexus 7 Expected for Late July Launch in Taiwan .

Contrary to earlier reports suggesting an end of Q2 (end of June) launch for the second generation Nexus 7 tablet, the latest report from a Taiwanese publication Economic Daily, points to an end of July launch for the device in Taiwan followed by other markets. The starting price for the 16GB and 32GB variants is pegged at £151 ($229) and £198 ($299) respectively.

As NDTV Gadgets notes, if the rumour turns out true, the next-gen Nexus 7 will be priced £66 ($100) more than its predecessor and could rival the Apple iPad mini which falls in the same price bracket.

Though the origin of the rumour is still unclear, the rumoured specifications of the second generation Nexus 7 tablet are in line with earlier reports with one exception. The tablet's newly leaked specifications clarify that it will pack a powerful 1.5GHz Qualcomm Snapdragon S4 (APQ8064) processor and not the previously rumoured Snapdragon 600 processor.

The other rumoured specifications include 7in LED display running at 1980 x 1200 pixels resolution, 2GB of RAM, 16GB and 32GB storage variants. On the connectivity front, the tablet will be NFC enabled with support for Wi-Fi a/b/g/n, Bluetooth 4.0, LTE, WCDMA and GSM.

The next-gen Nexus tablet touted as "ASUS K009" or "ME571K" is also rumoured to feature a five megapixel rear camera and a 1.2 megapixel front camera. The device is expected to run Android 4.3 Jelly Bean out of the box and include a powerful 3,950mAh battery.

Several rumours also suggest that the next Nexus 7 device could be rechristened as "Nexus 7 HD", after its purported full HD display. Just a few days ago, a similar report revealed the tablet's leaked specifications and launch date that were reportedly confirmed by an ASUS representative.