Last month, Nvidia CEO Jen-Hsun Huang hinted that we might see a $199 Tegra 3 quad-core tablet hit the markets out of Nvidia this summer. Luckily, it looks like that idea is rolling. Nvidia VP Rob Csonger revealed the company’s project to start developing $199 tablets last week, as The Verge first reported. As you can see in the slide above, which was shown at its investor meeting, the platform is called “Kai”. It will focus on developing tablets priced at $199, while featuring Nvidia’s blazing quad-core Tegra 3 system-on-chip.
At $199, the obvious competitor that comes to mind is Amazon’s Kindle Fire, which is arguably one of the best selling Android tablets on the market right now. The Fire is said to have taken up more than 50 percent of Android’s tablet market share, and while the company has not released any official sales numbers, Amazon said the Fire is one of its hottest selling items available. Csonger explained to investors how the tablets out of Kai would be low priced to compete with the Kindle Fire: