Just a few days before the November 8th release date of its new Nook HD and Nook HD+, Barnes & Noble is giving its older tablets a price cut: last year's Nook Tablet now costs $159 for 8GB and $179 for 16GB, down from $179 and $199, and the two-year-old Nook Color will now be available for $139 instead of $149. The company made much the same decision last year, when it opted to drop the price of the Nook Color after the Nook Tablet's introduction.
Both the Nook Tablet and Nook Color had already received a small price cut in August of this year, with the 8GB and 16GB Nook Tablets falling to their previous prices from $199 and $249 and the Nook Color falling from $169 to $149.
With these price cuts, Barnes & Noble is clearly keeping Amazon in its sights: the $159 Nook Tablet now matches the price of the tweaked $159 Kindle Amazon introduced recently, while the $139 Nook Color undercuts it by a fair amount. This is the only reason we can see for keeping the older device around, since at this point it's getting quite long in the tooth.