News reports say that Google is planning to launch the company's newest tablet offering named Google Nexus Tablet. The Google Nexus tablet is said to be the next competitor for Apple's iPad.

Google is said to unveil details about the Google Nexus Tablet in the upcoming Google I/O 2012 conference which will be held in San Francisco. Details about the Google Nexus tablet are still unconfirmed but here is a summary of the information that has been leaked about Google's tablet:

Tablet Name: Google Nexus Tablet (Manufactured together with Asus)

Display Size: 7-inch with 1280 x 800 IPS display

Processor: 1.3Ghz quad-core Nvidia Tegra 3 processor, a GeForce 12-core graphics processor, and 1GB of RAM

OS: Android 4.1 Jelly Bean

Camera: Front-facing camera with 1.2 MP camera

Connectivity: Wi-Fi a/b/g/n

Battery Life: 9 Hours

Additional Features: NFC (Near Filed Communication) technology, Android Beam, and Google Wallet

Storage: 8GB and 16GBSelling Price: US$199 (8GB model) and US$249 (16GB model)

The possible release date of the Google Nexus Tablet is estimated at around July for Australia. There is no report yet as to the estimated date for release date in other countries.

The Google Nexus tablet is Google's strategy to take a share of the growing tablet market. Through a low selling price, Google would be able to compete with Amazon Kindle Fire in terms of selling price. The only question here is if Google Nexus could still deliver a quality performance despite the budget-friendly cost.

Other experts are concerned about the selling price since it was estimated that Google spends around US$130 - US$210 for materials and manufacturing for each tablet. Despite that, other analysts see this as Google's strategy to claim a market share because of the low selling price.