(Image source from: Demand for tablets go up as prices drop})

As new devices spring up and war for the market share intensifies, tablet prices are plummeting to all new levels altogether.

Amazon has reduced prices of its tablet to $169 in the US and 139 pounds in Britain, while Barnes & Noble has slashed prices of its Nook to $129.

There has been a lot of pressure in the market after Hewlett-Packard launched its Android-powered seven-inch Slate at a throwaway price of $139, said Rob Enderle, an analyst with the Enderle Group.

“It looks like the market may be tiring of tablets and as makers get desperate, you may see more pressure on prices,” Enderle said.

Some retailers are doling out tablets for less than $100, but Enderle fears that the surge in poor-quality devices may eventually result in lack of buyers.

“The decline of the PC market makes it increasingly important for PC vendors to compete in the tablet space,” Jitesh Ubrani, analyst at the research firm IDC

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AW: Suchorita Dutta