“Amazon is poised to enter the tablet fray with an Android-powered tablet in late September or October, a source with knowledge of the plans said yesterday,” Garett Sloane reports for The New York Post.

“The device will sell for hundreds less than the entry-point $499 iPad, a feat few tablet makers have accomplished, the source said,” Sloane reports. “Amazon is considered one of the few credible threats to Apple and has been willing to sell its electronics at a loss in hopes of generating more digital media purchases.”

Advertisement: Limited Time: Students, Parents and Faculty save up to $200 on a new Mac.

Sloane reports, “ITG Investment Research said that tablets running Google’s Android are starting to chip away at Apple’s iPad marketshare, and price will be key to further erosion. ‘We expect to see more and more lower-end, more-affordable Android devices enter the marketplace, which should further allow Android to increase its share,’ said Tony Berkman, CEO of ITG.”

Read more in the full article here.

MacDailyNews Take: If this is true, we can’t wait to see that piece of plastic AppLack™ in all of its $299-at-most glory. Screen size? Screen type? Screen resolution? Battery life? Camera(s)? Lots of details to find out. Watch those Apple patents now, Jeffie, or you’ll be spending more on lawyers than you will on subsidizing your little “iPad killer.”

 

[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]