Amazon Inc.'s much-awaited 7-inch tablet, the Kindle Fire is coming on Nov. 15. Even before its arrival, the small screen tablet has created much of a sensation because of its low price.

The Fire, available for just $199, is in indirect competition with Apple's iPad, and because of its features that are being offered at low price and small size, Amazon's new sensation has the upper hand.

Apple iPad's size and price, both are almost double that of the Kindle Fire.

Kindle Fire will also give BlackBerry's PlayBook and Samsung Galaxy Tab a run for their money in the same way that it will challenge Apple.

Though, Nook offered by Barnes & Noble (B&N), has added more competition in the tablet market, Fire is ready to face every new entry in the market.

Nook is an Android tablet which weighs a little less than the Fire. In other technical aspects too, Nook is ahead of Amazon's product. But when it comes to the spending on a tablet, buyers will go for $199 instead of $249 (Nook's price).

B&N and Amazon both have a huge amount of digital content to offer on their tablets, but Amazon will win the battle when it comes to data storage. Though, Nook has a bigger storage space, of 16 GB and additional SD slot, Fire has more to offer. Kindle Fire comes with free Cloud Storage for all Amazon digital content in the Amazon Cloud where you can save thousands of files without using the physical memory of your device.

Kindle Fire's shipping has already started from Tuesday, whereas Nook is available for pre-orders and will be delivered on Nov. 18.