SAN FRANCISCO (CBS SF) — Amazon is coming out with a tablet that costs half the price of its current Fire HD, and a fraction of the cost of Apple’s iPad.

The device will have a 6-inch screen and a mono speaker. Industry analysts speculate the battery life will be shorter than more expensive tablets.

READ MORE: Atmospheric River: Alameda County Fair Reopening Monday After Storm Knocks Down Trees, Damages Booths

Currently, the Amazon’s least expensive tablet is the Kindle, which sells for $79.

READ MORE: Atmospheric River: Power Restored To Majority of Residents; PG&E Blames Downed Trees For Massive Outages

The Seattle-based company plans to release the device in time for the holidays.

MORE NEWS: UPDATE: Flood Waters Shut Down Lanes Of I-880; Alameda's Harbor Bay Parkway, Silverado Trail In Napa

Meanwhile, Apple is expected to introduce new versions of its iPad and iPad Mini tablets on Wednesday.