The price tag makes the Galaxy marginally cheaper than that $629 iPad, The Wall Street Journal reported. The 7-inch Galaxy will be available from Verizon Wireless stores and will run on Verizon's 3G wireless network.
Apple said last week that it would begin selling iPads at Verizon stores later this month.
It will also give customers the option to bundle the iPad with a "MiFi" wireless device. The device will connect to the carrier's cellular network and create a portable Wi-Fi hotspot that can support as many as five devices.