Google (GOOG) and Asus plan to release two new Nexus 7 tablets by year's end, one of which will...

|By:, SA News Editor

Google (GOOG) and Asus plan to release two new Nexus 7 tablets by year's end, one of which will cost a mere $99, sources tell Digitimes, whose track record with these kinds of rumors isn't exactly perfect. If the rumor pans out, Google would be undercutting the non-HD Kindle Fire (now $159), and would be showing a huge willingness to absorb losses to improve Android's market position relative to the iPad. The current Nexus 7 relies on an Nvidia (NVDA) processor. (Nexus 7 production)