Google and Asustek Computer rumored to be planning US$99 Nexus 7 for the end of 2012

Google is reportedly making two new versions of the Nexus 7 that are expected to be thinner, and will use TN panels made by Taiwan-based panel maker HannStar Display, according to industry sources.

One of the models will be priced at US$199 while the other will be priced US$99, and both models are expected to hit markets by the end of 2012, added the sources.

The sources speculated that Google is preparing for increased competition from Apple when the reported 7.85-inch iPad is released in the fourth quarter of 2012, and wants its device to maintain growing sales.

Meanwhile, HannStar has also reportedly entered the supply chain for Apple's iPad series but has yet to comment on whether it will be working with Google or Apple.

Asustek has denied the reports.

source