Best Buy has revealed the Insignia Flex, the retailer’s own tablet device, on Facebook. The slate will compete with Amazon’s Kindle Fire HD tablet, Google’s Nexus 7 and many other Android tablets in the current market.

The tablet will sport a 9.7-inch screen and come with a dual-core 1GHz processor. Insignia Flex is expected to launch with Android 4.0 Ice cream Sandwich. Sources also reveal that the device will feature a camera for video conferencing and weighs1.45 pounds.

Best Buy has not yet disclosed any further details about the device, such as its memory, storage, screen type and connectivity.The device is expected to launch on November 11 and will sell for $239 to $259 and available from Best Buy.

Best Buy has always tried to introduce less expensive products ranging from high-definition TVs to Blu-ray players. Though Best Buy has decided to launch its own tablet, it will continue to carry rival devices too.

At present, Best Buy’s plan comes as a surprise as the retailer is struggling to survive in the market with more than 1,400 stores and above all  this device will need to compete with giants like Amazon, Barnes & Noble and Microsoft tablets.