Amazon announces the Fire Phone, available July 25th

Amazon has announced its first smartphone, and it's called the Fire Phone. Jeff Bezos is still on stage giving us a rundown of the long-awaited device, but here's what we know about it so far:

• The Fire Phone sports a 4.7-inch display
• It's powered by a quad-core 2.2GHz processor, 2GB RAM, and an Adreno 330 graphics chip
• It sports a 13-megapixel rear camera with optical image stabilization and an f/2.0 five element lens
• The Fire Phone uses a multi-camera array that powers its 3D user interface
• Dual stereo speakers which are aligned for landscape mode for watching media
• It ships with flat-cabled, tangle-free magnetic earbuds
• Owners of the Fire Phone get unlimited cloud storage of all the photos they take with the device in Amazon Cloud Drive (huge!)
• The Amazon Firefly feature allows you to use the phone to recognize over 100 million items, plus any text around you. You can then interact with it immediately, in a matter of seconds.
• Obviously, all Amazon services will be built in--Prime Video, Prime Music, Kindle, WhisperSync, and even the MayDay button for customer service
• The 32GB Fire Phone will cost $199 with two-year contract, and is exclusive to AT&T. You can get the 64GB version for $299.
• You can pre-order the Fire Phone now--it ships on July 25th and includes one-year of Amazon Prime