It’s pretty much assumed at this point that Google will be showing off the new Nexus 7 at Google I/O next month. Now we just need to know its specs, and its launch date. Lucky enough, a new report out today tells us just that.

Sources told Reuters that the Asustek-made Nexus 7 successor will be launching in July. If true, the next Nexus 7 will be launching a year after its predecessor hit the scene. It would also give Google plenty of time to build up excitement for the tablet after a reveal at Google I/O.

As for specs, Reuters’ sources say the tablet will indeed be ditching Nvidia’s Tegra CPU in favor of Qualcomm’s Snapdragon. The previous rumor said Google chose Snapdragon because Qualcomm gave the company a better deal, but this latest report chalks it up “power reasons.”

Beyond a change in CPU manufacturer, the report also says that the new tablet will feature a higher resolution and a thinner bezel design, both of which suggest that we may see a larger screen in the Nexus 7 as well.

Apple lambasted the Nexus 7 last year during its iPad Mini reveal event for having a smaller display, while conveniently failing to mention that Google’s tablet still had a higher resolution. The new Nexus 7 could give Google a chance to create a tablet with a higher resolution while matching the 7.9-inch display of the iPad Mini.

We’re sure to hear more details on the new Nexus 7, including its assumed use of a new Android operating system, at Google I/O or soon after.