The tablet market is getting hot with every single launch in the segment. Marking the recent launch, which is likely to provide a handful of revolutionary and astounding features, Barnes & Noble on Monday spanked the drums for the launch of their much awaited Nook Tablet together with effective updates and reductions in the price of the Nook Color and Simple Touch. The declaration came during a press meeting in New York.

In this regard, CEO William Lynch officially declared the launch of the Nook Tablet. The novel tablet is armed with numerous unique features and power-packed specs. The 7-inch tablet has runs on 1GHz dual-core processor, weighs less than 1 pound, and offers 1GB of RAM.

To boot, it also showcase an enticing IPS LG display, with the minimum available reflection and glower which provides perfect viewing ability from many angles. The device is said to provide 9 hours of video on a solitary run of its battery. The Nook tablet has 16GB of internal memory and supports 1080p video. Also, it offers a SD slot for supporting an expandable memory of up to 32GB card, and a Wi-Fi free in Barnes & Noble stores.

The device is likely to give Amazon's new Kindle Fire tablet a run for its money, given that the much-talked-about Kindle Fire tablet is also set to arrive this month.

On top of all of these specifications, the Nook tablet comes preloaded with Hulu and Netflix, has myriad eye-catching and trendy apps, along with access to the Nook Comics, Nook Newstand and Nook Store, of course.

The Nook Tablet is expected to be available at around $249 by the end of next week at Barnes & Noble, Target, Best Buy and Walmart.