Indian IPad Competitor Sells Out at $55

One week into its availability, and it's out of stock. Pretty impressive, if you live in India and don't want an iPad. The upgraded version of the state-sponsored tablet computer has already sold out.

The base model, offered at only $45, is reporting that India's tablet initiative is an unrepentant success. The UbiSlate 7 is an upgrade, with faster processor, etc, is offered at $55, but, still ... it sold out in one week.

India is hoping to more of its population will have access to computing and the internet with the government-supplemented device. The UbiSlate 7 supports a SIM card, and doubles the processing power with a 700 MHz chip, as opposed to the 366 that is offered in the base model.

To kick up interest even more, the tablet is offered with a leather keyboard, similar to Apple's magic iPad cover.

This version of the state-slate is running Android 2.3, a slight upgrade from the base model.

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