HP could launch its fancied TouchPad, which was recently unveiled, by the end of June, tech websites have reported.

A report in BGR said one of its sources has information that the TouchPad will be launched at a competitive price of $699. Motorola’s XOOM, which it will be pitched against, is selling at $799.

The HP TouchPad has received rave reviews ever since it was unveiled. Tech writers have said HP's flagship tablet TouchPad has the design to counter Apple's iPad.

While the novelty that TouchPad brings to the table is the webOS platform, it is powered by Qualcomm's Snapdragon APQ8060 1.2 GHz processor. The TouchPad comes with a 9.7-inch display with 1024x768 screen resolution.

On the memory front, both TouchPad and Xoom offer 1GB RAM although TouchPad comes in both 16 GB and 32 GB configuration while Xoom comes in only 32 GB specification.