Amazon.com (AMZN) Lower as Google (GOOG) Unveils $199 Nexus 7 Tablet
Tweet Send to a FriendGet Alerts AMZN Hot Sheet
Down)
Trade AMZN Now!
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
- Clearwire (CLWR) Active as DISH Eyes Lightsquared Spectrum
- Investors Brace for Epic Herbalife (HLF) Short Squeeze
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Kindle
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
