Tesco, the UK’s largest grocer, is expected to release their tablet this Monday after it sent out invites to an event saying “We’ve got something to show you.”
Ben Wood, mobile analyst with research firm CCS Insight, told the Guardian that he expected the device to have a 7in screen and expected it to use ‘substantial discounts’ on other devices such as media from Blinkbox or vouchers from discounts on petrol or groceries through its ClubCard loyalty scheme.
“Obviously it’ll be running Google’s mobile operating system Android, probably a storage capacity of 16GB and attempting to hit the £99 price point - in my mind that will have to be the price,” he said.
The tablet market has surged in recent years, with searches on tablet devices increasing by 132 per cent in Q2 2013 – outstripping the rest of the market in the process.
Yesterday, Tesco announced a change in joint brokerage advisers as it ditched long-term advisers Nomura and JPMorgan Cazenove, and appointed Barclays alongside Deutsche Bank AG.
The grocer hopes to bounce back from successive defeats in the overseas market with the launch of the tablet. Last week it revealed it was selling the loss-making American chain, Fresh & Easy.