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Amazon tablet could be trouble for Best Buy

The highly anticipated tablet will initially be sold directly through Amazon, bypassing retailers. One analyst tells Forbes that could cut into sales at Best Buy stores that carry rival tablets.
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The highly anticipated tablet will initially be sold directly through Amazon, bypassing retailers. One analyst tells Forbes that could cut into sales at Best Buy stores that carry rival tablets.

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Best Buy joins crowded computer tablet market

Next month, Richfield-based Best Buy will start selling its own Android-based tablet called Insignia Flex, Reuters reports. The new tablet is expected to be priced between $240 and $260. It will feature a 9.7 inch screen, a dual-core 1 GHz processor and a front-facing camera. Insignia Flex will be exclusively at Best Buy stores on November 11.

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Best Buy founder Richard Schulze will likely make an initial offer to take the company private next week, the Star Tribune reports. That's after CEO Hubert Joly is expected to present his strategy to investors in New York. Joly had to postpone the meeting with Wall Street analysts after the destruction of Hurricane Sandy.

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