As the iPad Mini looms, Google may launch a new tablet that costs just $99

Google is working on a new model of its well-received Nexus 7 tablet that will cost $99, according to a DigiTimes report. The tablet is said to launch in the fourth quarter of this year.

There will also be a $199 model of the device, according to the report. (The current Nexus 7 also starts at $199.)

The timing lines up with Apple's expected release of a smaller iPad, the so-called iPad Mini. Apple has all but confirmed it will announce the iPad Mini at a press event in October. Many think the iPad Mini will be priced around $250.

Today's $199 Nexus 7 is a great tablet. If Google can find a way to offer the same experience for just $99, it's going to be tough for people to pass up.

Asus, the company that makes Google's Nexus 7 tablet, denied the report.

More from our partner, Business Insider:

Business Insider: Sheila Bair Says Obama Was A Saint Compared To Geithner

Business Insider:  Q2 GDP SLASHED TO 1.3%

Business Insider: LIVE: Spain Unveils Its Controversial 2013 Budget

Business Insider: Here Comes A Massive Radio Campaign To Hammer Romney On The '47 Percent'

Business Insider: Meet Yahoo's New $18 Million, Kite-Surfing CFO

Will you support The World? 

The story you just read is accessible and free to all because thousands of listeners and readers contribute to our nonprofit newsroom. We go deep to bring you the human-centered international reporting that you know you can trust. To do this work and to do it well, we rely on the support of our listeners. If you appreciated our coverage this year, if there was a story that made you pause or a song that moved you, would you consider making a gift to sustain our work through 2024 and beyond?