Amazon Unveils $199 Kindle Fire Tablet

According to today’s Bloomberg Businessweek, Amazon has released its Kindle Fire computer tablet, sparking competition for the Apple iPad.

In contrast to the iPad, whose cheapest model sells for $499, retail price of Kindle Fire is $199. The tricked-out version of original Amazon Kindle features a 7-inch color display and runs Android.

Though Kindle Fire doesn’t have an embedded camera, microphone or 3G access, it offers Wi-Fi connectivity and a 30-day free trial of Amazon Prime, the company’s $79-a-year membership service that includes streaming video and free two-day shipping.

More details can be found in the Bloomberg Businessweek article.