American telecommunications giant Motorola has reduced the price of its Xoom tablet by $100 to match the price of Apple’s iPad 2 to gain popularity in the tablet market.

The Illinois-based company has posted on Twitter that the WiFi version of the Motorola-made tablet is now available for $499.

“Looking to save some money? Motorola XOOM with Wi-Fi now only $499. Order now: http://moto.ly/buyxoomtw,” the company posted in its official Twitter profile.

Previously, all other tablets in the market were priced higher than the iPad 2. Motorola has become the first company in the tablet market to price its device at par with Apple’s iPad 2, the Geek reported.

The Motorola Xoom, which released in May 2011, flashes a 5 MP, 2592?1944 pixels, autofocus, dual-LED flash camera with video recording support of 720p at 30fps, and a 2MP front-facing camera. The tablet was the first tablet to run on Android 3.0 (Honeycomb), and is powered by a 1GHz NVIDIA Tegra 2 AP20H Dual Core processor. The tablet comes with an HDMI port, and has a battery stand-by of up to 336 hours.

The Apple-made iPad 2, in comparison, has a 0.7 MP, 960 x 720 pixels primary camera, and a secondary front-facing VGA camera. The iPad 2 runs on iOS 4 and is powered by a 900 MHz dual-core ARM Cortex-A9 processor, PowerVR SGX543MP2 GPU, Apple A5 chipset. The battery standby for iPad 2 is up to 720 hours and has a version 2.0 USB port.