Amazon.com (AMZN) Lower as Google (GOOG) Unveils $199 Nexus 7 Tablet
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Amazon.com (Nasdaq: AMZN) shares are moving lower as some fierce competition is entering its tablet market: Google (Nasdaq: GOOG).
Google introduced its Nexus 7 tablet earlier, more specs here. It will have a 7-inch display, run Google's new Jelly Bean OS, and have an NVIDIA chip.
Worst of all for Amazon, it will sell for $199, the same as Amazon's current Kindle Fire price. Buyers will also get at $20 credit for Google Play
Shares of Amazon are down 0.5 percent Wednesday.
Google introduced its Nexus 7 tablet earlier, more specs here. It will have a 7-inch display, run Google's new Jelly Bean OS, and have an NVIDIA chip.
Worst of all for Amazon, it will sell for $199, the same as Amazon's current Kindle Fire price. Buyers will also get at $20 credit for Google Play
Shares of Amazon are down 0.5 percent Wednesday.
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