Amazon officially made its entry in to the tablet market on Wednesday by announcing its Kindle Fire Tablet at $199.

At $199, the 7-inch Android based tablet is priced 60 percent below tablet competitors, as well as e-reader challenger Nook. The market was expecting a price range of $250 to $300 for the tablet, which runs on the Amazon’s customized version of Android.

In addition, Amazon developed its own browser – Amazon Silk – for the device that would leverage Amazon’s cloud computing infrastructure to provide faster Web browsing. As Amazon seeks to capture more of the video market, it has enabled Whispersync.

More »