Reports are indicating that Google’s Nexus tablet will launch in July, with shipping to occur in June. According to the DigiTimes report, Google’s original goal was to launch the tablet this month, but higher than expected costs along with an unsatisfactory design delayed the launch. The company is hoping for high demand for the tablet, expecting 2.5 million units to have been shipped by 2012′s end. Initial volume for the tablets is set at 600,000 units monthly. Although not yet confirmed, it is rumored that the NVIDIA’s quad-core Tegra 3 CPU will power the device. In addition, the cost to own the tablet is said to be at a very low $199, something that’s becoming a bit of a trend among tablet makers. Nexus was created for the purpose of rivalling The Kindle Fire, both size and price-wise. The Nexus tablet is expected to be unveiled at Google annual I/O conference, which will happen at the end of June.