Ina Fried

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HP Makes $100 TouchPad Price Cut Permanent

After running a flurry of increasingly substantial discounts, Hewlett-Packard is now making permanent a $100 price drop to both Wi-Fi models of its TouchPad tablet.

“HP continually evaluates pricing for its products and is pleased to permanently extend its back-to-school promotion on the HP TouchPad,” the company said in a statement to CNET.

With the price drop, the 16GB version sells for $399 and the 32GB model goes for $499, both $100 below a comparably equipped iPad 2. However, the move doesn’t put the company at the ultra-low-end for tablets. Vizio, for example, this week announced a $299, 8-inch Android tablet being sold at places such as Wal-Mart and Costco.

The price cut comes barely a month after the tablet went on sale. The TouchPad has debuted to decidedly mixed reviews, with significant criticism leveled against the product for its bulky size and lack of apps, among other issues.

A recent promotion on deal-of-the-day site Woot had the 16GB version on sales for $379 — $120 off the then-list price — but managed to generate just 612 sales.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work