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Barnes & Noble to drop price of e-readers

Barnes and Noble is going to cut prices on its Nook tablet.

This price drop is ahead of its reported update to its devices.

On Sunday, the retailer announced a $50 drop to its 16GB version and a $20 drop to other versions.

The Nook is a part of an increasingly competitive field of mobile and digital devices that includes Amazon's Kindle Fire and the iPad.

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