Given the IDC forecasts, Hewlett-Packard may benefit by re-entering the tablet market.However, the competitive pricing of the $169 HP Slate 7 indicates that this product's gross and net profit margins are likely to be pretty slim: Apple's lowest-cost iPad with Retina display (and a 9.7-inch screen) is priced at $499, and its lowest-cost iPad mini (with a 7.9-inch screen) is priced at $329.The HP Slate 7 features a 7-inch diagonal screen, a weight of 13 ounces, and a stainless-steel frame, as well as an ARM Dual Core Cortex-A9 1.6 GHz processor, a 3-megapixel camera on the back, and a VGA camera on the front.In its announcement of the HP Slate 7, Hewlett-Packard noted the use of Android Jelly Bean would provide with its purchasers with easy access to Google Mobile services. These services encompass Gmail, Google+ Hangouts, Google Drive, Google Now, Google Play, Google Search, and YouTube.The company also pointed out the HP Slate 7 would be the first to offer embedded Beats Audio, thus providing what it called "the best-sounding, richest audio experience available on a tablet."According to Alberto Torres, senior vice president of the newly formed Mobility Global Business Unit at Hewlett-Packard: "To address the growing interest in tablets among consumers and businesses alike, HP will offer a range of form factors and leverage an array of operating systems. Our new HP Slate 7 on Android represents a compelling entry point for consumer tablets, while our ground-breaking, business-ready HP ElitePad on Windows 8 is ideal for enterprises and governments."Hewlett-Packard anticipates the HP Slate 7 will be available in the U.S. in April.