Business

Lower Price Makes HP's TouchPad A Hit

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Hewlett -Packard said last week it was giving up on its new TouchPad tablet after a mere seven weeks on store shelves. Seems the device couldn't even start to compete with the iPad, or other more popular tablets. So HP said it was offloading its basic TouchPads for $100 — down from $500. Online retailers quickly sold out of them.

DAVID GREENE, host:

And today's last word in business is fire sale.

Hewlett -Packard said last week it was giving up on its new TouchPad tablet after a mere seven weeks on store shelves. Seems the device couldn't even start to compete with the iPad or other more popular tablets, like Samsung's Galaxy Tab or the Barnes & Noble Nook. But then HP said it was offloading its basic TouchPads for a mere $100 - down from $500, and that's when the shunned device suddenly became a hot property. Online retailers quickly sold out of them, and now brand new, unopened TouchPads are showing up on eBay for about $250.

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GREENE: That's the business news here on MORNING EDITION, from NPR News. I'm David Greene.

RENEE MONTAGNE, host:

And I'm Renee Montagne.

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