US network provider T-Mobile has hacked the price of the Android-based Samsung Galaxy Tab down to $250 accompanied by a two-year service contract with the career.

The price-hack is being seen as an effort to clear out Galaxy Tab stock ahead of Honeycomb tablets’ arrival in the market sometime later this month.

The Galaxy Tab runs on Google’s Android 2.2 operating system, and features a 1GHz processor, a 7-inch multi-touch screen with a resolution of 1024 by 600 pixels, and dual cameras.

Samsung’s Tab, which is available in as many as 94 countries around the world, weighs 13.4 ounce, with 7.48-inch in length, 4.74-inch in width and 0.47-inch in thickness.

Earlier this month, Samsung claimed that it had managed to ship two million Tabs since its launch. Thus far, the Galaxy Tab is the only available tablet in market that has survived the Apple iPad’s dominance efficiently.