Best Buy Insignia Android tablet tipped via Facebook

Electronics retailer Best Buy has been around for a long time. Like most big-box electronics stores, it has been having a difficult time of late, as more and more people purchase their electronics online rather than in retail stores.

A decline in sales thanks to online stores such as and discount stores such as Walmart prompted the retail giant to close multiple locations to remain profitable, with 50 stores shuttering back in April of this year.

Best Buy may not be making as much money as it once was, but that’s not stopping it from offering its own branded electronics. It has its own store brand called Insignia that has been around for several years now. Insignia Products has its own Facebook account, and has used it to tease a new product that looks interesting.

It has offered up a photograph of an Android-powered tablet. Since we only have a single photo, it’s hard to glean much in the way of details about the hardware specifications of the tablet. But Insignia did offer scant details, including the fact that the tablet would run Android 4.0 as the operating system.

The tablet will also have a 9.7-inch display, will use a dual core 1 GHz processor and promises 10 hours of runtime per charge. It’s unclear exactly how much it will cost, but Insignia has promised that it will be on store shelves one month from today.

This tablet could prove popular if the price is right. At very close to $199, I think Insignia could have a winner; if it pushes the tablet up in price closer to the iPad, I predict a fail.