Barnes & Noble is one of the few companies that makes Amazon Kindle rivals and it continues to roll out new models. The company today launched a new Nook which happens to be the smallest and cheapest one that it has ever released. It has a 7 inch display and a price tag of $49.99. It follows the one that the company launched last month, at 10.1 inches, it had the largest display ever for a Nook.

This new Nook features a 7 inch 1024×600 pixel resolution IPS display and 16GB of internal storage. It’s possible to expand the storage up to 128GB with a microSD card.

It features built-in Wi-Fi, a microUSB 2.0 port, and a 3.5mm headphone jack. There’s even a 2 megapixel rear and a VGA front camera. Barnes & Noble says that the battery life on this Nook is good for up to 7 hours of reading, watching videos, and web browsing. This is not bad for a device that costs under $50.

It’s a compelling option at this price point compared to Amazon’s Kindles which are only available in the $50 range during promotions such as Black Friday or other shopping holidays. Barnes & Nobles has thus released this Nook ahead of the holiday season. It’s available for purchase from the company’s website and retail stores.

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