This intriguing bit of news comes from DigiTimes, so we have to plop it firmly in the rumor category, but if it turns out to be true, it will likely blow the tablet market wide open! Supposedly, DigiTimes has word that Google and Asus are teaming up again to launch a $99 dollar Nexus later this year. The same "industry source" of this intel also shared that they are also planning to release a thinner version of the current Nexus 7. The report claims that both tablets will use display panels from HannStar Display.
Of course, considering that the current Nexus 7 costs Google about $157 to make, it seems implausible that they could develop a tablet that low without some major sacrifices. Still, if they can do it, the tablet landscape will change dramatically, and Apple would have a hard time competing with a tablet of that price even if they do release an iPad-mini.
It's important to note that Asus has already come forward denying this report, so we should probably remain highly skeptical.
Source: NexusTablets.net via AndroidAuthority