Price Of Nook Tablet Reduced

Nook Tablet

(Image Credit: http://www.pcmag.com)

It appears that the release of the Google Nexus 7 tablet has created some waves in the market as Barnes & Noble reduced the price of three of the 7-inch Nook Tablet devices recently.

This shows that the company is not in any way giving up on the tablet market even as it has to deal with the recently-released tablet offering of Google in addition to the Amazon Kindle Fire, which has experienced a good amount of success in the market.

The price tag of the 16GB Nook Tablet was reduced by around 20 percent or $50 to bring down its price to $199. The 8GB model of the Nook Tablet along with the Nook Color also had their price tags reduced to $179 and $149 respectively. The recent price reduction has brought the 16GB Nook Tablet on even terms with the Amazon Kindle Fire and the Google Nexus 7 tablet in terms of pricing.

The price reduction of the Nook Tablet may offer some short-term success for the company until the latest Amazon devices are released into the market.

Reports have emerged on the possibility that the Amazon Kindle Fire 2 will be released within the month. This upcoming device will feature two models, one with a camera while the second will not feature a camera. These devices will reportedly come with the same pixel density as the Google Nexus 7 tablet, which may become another competitor to the Nook Tablet of Barnes & Noble.

In addition to the Amazon Kindle Fire 2, reports have also hinted of another an 8.9-inch Amazon Kindle Fire, which will supposedly see the light of day by the end of the year.

These upcoming devices will likely put more pressure on the Nook Tablet of Barnes & Noble in the market even as the company tries to shore up its sales by reducing the price tag of the device.