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Barnes & Noble slashes Nook prices

Nook

Nook Credit: Getty Images

Barnes & Noble announced Tuesday that it would launch an eight-gigabyte version of its Nook Tablet for $199 - a last-ditch effort to salvage declining profits, which the company said fell by 14% in the fiscal third quarter. (Amazon's 8GB Kindle Fire also costs $199.) The current 16GB Nook Tablet sells for $249. B&N also said it would cut the price of its Nook Color from $199 to $169.

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