The Google Nexus 7 2 will feature a full HD 1080p display and thinner bezel, according to a recent report.
DigiTimes has stated the Google and Asus will team up once again to refresh the wildly popular tablet and create a successor that could rival whatever Apple has up its sleeve for the next-generation iPad Mini.
The next-gen Google Nexus 7 will still be in the $200-$250 price range.
Other sources have stated that other specifications will also be changed around with the next model. Most industry analysts expect it to launch mid-2013, which means a Google I/O conference unveiling is a strong possibility.
Google I/O will take place from May 15-17 at The Moscone Center West in San Francisco, according to an announcement made by the company at the end of last year.
At 2012's conference, the company introduced its new Google Nexus 7 tablet, along with its Android 4.1, Jelly Bean OS.
This year's event could be the place where Google introduces the world to the successor of the tremendously successful Nexus 7 Android tablet.
Google I/O usually spans over a few days and the company uses it to unveil its latest hardware and software.
Nexus 7, along with the Android 4.1, JellyBean update to 2011's Ice Cream Sandwich, have brought the company much success.
Google is also rumored to be releasing its Android 5.0, Key Lime Pie sometime in the near future. Next year's Google I/O conference might be the perfect time and place to do it. It also would make sense to introduce the software on a Nexus tablet, since the last major Android refresh debuted on a smartphone known as the Galaxy Nexus.