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Mon, Sep 26 2011 Amazon unveils Kindle Fire tablet Tweet Share this Email Print Related News RIM shares jump on Icahn stake talk Tue, Sep 27 2011 Apple stock falls on report of iPad supply slowdown Mon, Sep 26 2011 Samsung's legal woes threaten to crimp tablets, chips Mon, Sep 26 2011 Amazon expected to unveil tablet next week Mon, Sep 26 2011 RIM will struggle to restore credibility: analyst Tue, Sep 20 2011 Analysis & Opinion Apple’s iPhone invite tips its hand — sort of… Berkshire buyback a move best left to Buffett Related Topics Technology » Hot Stocks » Asian Markets » Media » iPad » Steve Jobs » 1 of 7. Amazon CEO Jeff Bezos holds up the new Kindle Fire at a news conference during the launch of Amazon's new tablets in New York, September 28, 2011. Credit: Reuters/Shannon Stapleton By Alistair Barr Wed Sep 28, 2011 11:47am EDT (Reuters) - Amazon.com Inc introduced its eagerly-awaited tablet computer on Wednesday with a $199 price tag, potentially cheap enough to compete with Apple Inc's iPad. The Kindle Fire tablet has a 7-inch screen, free data storage over the Internet and a new browser called Amazon Silk. It expects shipments to start on November 15. "These are premium products at non-premium prices," Chief Executive Jeff Bezos said. "We are going to sell millions of these." It also introduced the Kindle Touch, an e-reader with no buttons and a touch screen starting at $99. It also cut the price of its basic Kindle e-reader to $79 from $99. Amazon shares rose 3.2 percent in morning trading, while Barnes & Noble, maker of the Nook e-reader, dropped 6.2 percent. Apple shares dipped 0.5 percent to $401.49. Analysts expected the tablet to be priced around $250, roughly half the price of Apple's dominant iPad, which starts at $499. The Nook Color e-reader costs $249. Having its own tablet is important for Amazon because the company has amassed a mountain of digital goods and services that could be sold through such a device. As the world's largest Internet retailer, a tablet might also encourage Amazon customers to shop online for physical products more often. Breaking into the tablet market will be difficult. Companies including Hewlett Packard, Motorola Mobility, Samsung and Research in Motion, have each launched tablets but none have taken a bite out of Apple's lead. Apple dominates the North American tablet market, with 80 percent of the 7.5 million units shipped during the second quarter of 2011, according to Strategy Analytics. (Reporting by Alistair Barr in San Francisco and Phil Wahba and Liana Balinsky-Baker in New York; Editing by Derek Caney) Technology Hot Stocks Asian Markets Media iPad Steve Jobs Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (1) emu wrote: Hey, this thing is flat, rectangular and has rounded corners! Consequence: Lawsuit by Apple. Sep 28, 2011 11:54am EDT -- Report as abuse See All Comments » Add Your Comment Social Stream (What's this?) 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