![Nook Tablet Is Coming November 16 for $249 [REPORT]](https://helios-i.mashable.com/imagery/archives/07EvzpCK7gVtvhlAOXHmHeB/hero-image.fill.size_1248x702.v1647020380.jpg)
Furthermore, the company plans to reduce the price of Nook Color from $249 to $199, while the Nook Simple Touch's price will drop from $139 to $99.
The announcement will likely come November 7, when Barnes & Noble will hold a press conference in New York City, and we'll be there live to cover the event.
However, if the leaked presentation slides are legit, we already know a whole lot about the upcoming Nook Tablet. It will sport a 7-inch IPS color touch screen with a 1024x600 pixel resolution, a 1.2 GHz dual-core CPU, 1 GB of RAM, 16 GB of storage and a microSD expansion slot.
Visually, it will be very similar to the Nook Color which, besides the price cut, will also get a software update with some nice additions, such as Hulu Plus, more magazines and comics as well as access to music via services like Rhapsody, Grooveshark, Pandora and MOG.
Finally, the Nook Simple Touch will reach version 1.1. The details about the update are sketchy, but Barnes & Noble claims the device has 25% faster page turns than any other e-reader and the longest battery life providing 2 months of reading.
The stir-up in Barnes & Noble's tablet lineup is a logical answer to Amazon's recent price cuts and launch of Kindle Fire.
Check out Amazon's Kindle line of products, which B&N's Nook devices will directly compete with, in the gallery below.
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Image source: Engadget