Money Matters - Simplified

Best Buy cuts Nook Color price ahead of rumored tablet launch

The price cut on Nook Color comes just days after leaked specs and details for the Nook Tablet.

In a move signaling that Barnes & Noble Inc. (B&N) is launching a new Nook gadget Monday, Best Buy Co. has cut the price of Nook Color by $50.

With the new reduction, B&N's e-reader is now priced at $199 at BestBuy.com.

The price cut on Nook Color comes just days after specs and details of the Nook Tablet got leaked. Last week, technology website Engadget released documents suggesting launch of the first tablet in Nook line.

B&N is scheduled to hold a press conference in New York City on Nov. 7, where the new tablet is expected to be unveiled.

Tablet specs
If the Engadget report is to be believed, Nook Tablet will feature a 7-inch 1024 x 600 pixel IPS display, dual core processor (1.2 GHz OMAP4), 1GB RAM, and a 16GB plus 32GB expandable SD Card.

Users will be able to stream movies and shows from Netflix, Hulu, and Pandora on the tablet.

Nook Tablet is said to be lighter than Nook Color, Amazon's Kindle Fire, and the leading tablet in the market.

Priced at $249, Nook Tablet will be available for pre-order on Nov. 7 and “shipped in customers hands” on Nov. 16, a day after its rival Kindle Fire goes on sale, according to leaked documents.

Tablet rumored to be unveiled on Nov. 7
B&N is scheduled to hold a press conference in New York City on Nov. 7, where the new tablet is expected to be unveiled.

Apart from the tablet release, B&N will reportedly announce reduction in price of Nook Color to $199 and e-ink Nook to $99.