Report: Best Buy to Sell Own Tablet

How crowded can the tablet market get?

By Nate Wooley, InvestorPlace Writer

The tablet market is going to get even more crowded, as Best Buy (NYSE:BBY) reportedly now has plans to enter the fray with a product of its own.

The new tablet, dubbed “Insignia Flex,” will be marketed by Best Buy under its own in-house brand, Reuters reports. The Android-based device will cost between $239 and $259 and debut in stores Nov. 11, 2012. The new tablet computer will feature a 9.7-inch screen, an onboard camera and a 10-hour battery life.

The new tablet would compete with Amazon‘s (NASDAQ:AMZN) Kindle Fire HD, Google‘s (NASDAQ:GOOG) Nexus 7 and other similarly sized tablets.

The Insignia Flex will only be sold in Best Buy locations; however, the retailer will not stop selling competitor’s tablets, Reuters reports.

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