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Google unveils Nexus 7 tablet for $199

Google Nexus 7 tablet announced on June 27, 2012. YouTube/GoogleNexus

(CBS News) Google unveiled the Nexus 7 tablet computer Wednesday at the Google I/O developers conference in San Francisco.

The co-branded tablet with Asustek Computer features a 7-inch screen with 1,280 x 800 display resolution, 1.3GHz Nvidia Tegra 3 quad-core chip, 1GB of RAM and a 1.2-megapixel front-facing camera. Other features include a gyroscope, accelerometer and GPS.

The Nexus 7 will be the first device to run Google's newest Android operating system, version 4.1 - also known as Jelly Bean.

The price point and size of the Google tablet is poised to compete with the Barnes & Noble Nook and Amazon Kindle Fire - both are 7-inch tablets running a version of Android.

The Nexus 7 will retail for $199 for an 8GB model and $249 for a 16GB model. The tablet can be pre-ordered at Google Play.

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