Barnes & Nobles releases new Nook for $50 this Black Friday

Barnes & Nobles just announced the new Nook Tablet 7. It is the company most affordable Nook device ever with a price of $49.99. With previous Nooks priced at more than $100 new Nook Tablet 7 is a Barnes & Nobles entrances to a completely new niche of dirt cheap tablets. With declining sales of Nooks (Nook sales declined 24.5% from last year to $41.0 million for the first quarter) it is not clear if new Nook Tablet 7 is going to bring back the momentum in Barnes & Nobles tablet game.

Nook Tablet 7 is priced to match a competitor Kindle Fire 7 tablet from Amazon which is also priced at $49.99. Performance details are not yet available so we are not able to comment on it at this moment.

Nook Tablet 7 has potentially enticing feature for some customers with Google Play store available on the device. Kindle Fire 7 has its own Amazon only app store and there is no way to use Google Play store without hacking the device.