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HP’s launches Budget friendly Tablet Slate 7 – HPQ, GOOG, AMZN & AAPL

Boston, MA 03/04/2013 (wallstreetpr) – So much and so long for the accounting hazards; get ready for Hewlett-Packard Company (NYSE:HPQ)’s new low cost tablet of the year. . Yes, the Market’s PC leader announced the expected launch of its new tablet “Slate 7”worth $169 at this years’ Mobile World Congress. The company is trying to expand its options in the mobile market as the current personal computer market is shrinking. The tablet would be powered by dual-core processor of 1.6 GHz along with a 7-inch screen which has pixel clarity of 1024 x 600. Also, this tablet would have 8 GB inbuilt memory and the expandable memory of 32 GB. It has the Android, 4.1 JellyBean OS and comes with several wonderful apps. The “Slate 7” concentrates on high quality audio delivery due to which it offers Beats Audio. It has a 3.15-megapixel camera in the rear and a VGA snapper in the front facing camera for video chat.

The tablet weighs around 13 ounces with the battery and has a battery life of five hours. This is a non-removable battery and the five hours battery life is include the best usage. The Slate 7 offers many of Google Inc. (NASDAQ:GOOG)’s services including search functions, Gmail and YouTube. The Slate 7 is sturdy yet lightweight and its 16:10 size makes it very comfortable to hold both in the portrait and the landscape position.

Eyes are set on HP as the interesting story is that after the failure of webOS based TouchPad from HP, it has again decided to rock the tablet world with the launch of its budget friendly tablet Slate 7. Slate 7 is budget friendly because it has priced the tablet at a much lesser price than the leading tablets in the market. The current leaders in budget friendly tablets are Amazon Kindle Fire HD, Nexus 7 from Google Inc. (NASDAQ:GOOG) and Apple Inc.(NASDAQ:AAPL)’s mini iPad and all of them run on Android except Apple Inc.(NASDAQ:AAPL). The Kindle fire-HD & Nexus 7 are priced at $199 and iPad Mini at $329 and when we see the Slate 7 its $169 which shows that perhaps HP is trying to remain diplomatic.

An official of the company announced earlier in an interview that they plan to launch several other tablets which runs both on Windows and Android and would be priced somewhere from $170 to $700 which is again based on the operating system being used. Market experts are not sure whether HP is going to make money out of Slate 7 or not or maybeit’s just a feel nice statement which is generally there for all new gadgets in the initial stages of its launch.

As, many already believe that Amazon.com, Inc.(NASDAQ:AMZN) is not able to generate more revenue from its low-cost Kindle Fire series and due to this is trying to generate revenue from selling its digital content. HP does not seem to be as lucky as Amazon.com, Inc.(NASDAQ:AMZN) because it does not have any other revenue generating alternative. Possible because of the several years of PC manufacturing experience HP is able to lower the production cost and the April launch of Slate 7 tablet is a direct result.

Hewlett-Packard Company (NYSE:HPQ) shares were up by 3.78% to close at $19.79. Google Inc. (NASDAQ:GOOG) shares were down by 0.08% to close at $790.13. Amazon.com, Inc.(NASDAQ:AMZN) shares were down by 0.20% to close at $259.36. Apple Inc.(NASDAQ:AAPL) shares are up by 1.39% to close at $448.97.

Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at [email protected] or follow Nicholas Kitonyi @nmaithyak on Twitter.

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