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Google unveiled the 7-inch Nexus 7 tablet at its fifth annual Google I/O developers conference. The tablet is manufactured by Taiwan's AsusTek Computer.
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It will run the next version of Google's Android operating system, called Jelly Bean. The tablet will cost $199 for 8 gigabytes of storage, $249 for 16 GB.
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The tablet features a 7-inch screen with a resolution of 1280x800 pixels.
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It is powered by a Tegra 3 quad-core CPU and 12-core GPU.
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The Nexus 7 tablet offers up to 9 hours of HD video playback and 300 hours of standby.
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The tablet weighs 340 grams. The shipments will begin mid July.
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It is very likely to challenge Amazon.com's Kindle Fire than Apple's popular iPad, which has a display that measures nearly 10 inches diagonally.
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The device also has a 1.2 megapixel front-facing camera. Connectivity options include NFC, Bluetooth and WiFi.
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Besides, Google Play will now offer movies for sale, rather than only rentals. It has also added TV shows and magazines to its Play offering.
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Customers can start ordering it through Google, initially in the US, Canada and Australia.
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"Nexus 7 is an ideal device for reading books. The form factor and weight are just right," said Chris Yerga, Google director of engineering for Android.