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(Pocket-lint) - Amazon apparently thinks it can do better with saving you money this Christmas season, because it's said to be developing a new tablet that'll cost just $50. That's $29 cheaper than its cheapest Kindle reader.

According to The Wall Street Journal, Amazon's $50 tablet will feature a 6-inch screen and a mono speaker. The decision to add mono over stereo was probably due to Amazon's efforts to keep the tablet's price down, as the company's CEO, Jeff Bezos, reportedly believes cheap prices are required to lure budget-conscious shoppers.

Bezos supposedly had a $50 price goal for both the Fire Tablet and Kindle e-reader, but obviously that didn't happen. The company is trying once again however, and plans to release its budget tablet in time for this Christmas. The $50 price would make it half the price of the current Fire HD 6-inch tablet.

Expect the tablet to be very bare-bones, maybe even disposable-seeming, as it'll be a basic device ideal for streaming videos and shopping on Amazon.com. We will therefore likely see not-so-favourable screen quality, durability, and battery life - especially when compared to high-end tablets like the Apple iPad.

Apart from the $50 tablet, Amazon is planning to soon release tablets with 8-inch and 10-inch screens. There are no details about those yet, but Amazon is also reportedly still working on a high-end kitchen computer, a tablet with a 3D screen, and an e-reader battery that can last two-years on a single charge.

Also, there's no word yet if Amazon's $50 tablet will have adverts, like the current 6-inch Fire tablet, which sells for $99 with adverts displaying as screen savers ( the tablet also costs $114 ad-free).

Writing by Elyse Betters.