If online reports are be believed, Hewlett-Packard (HP) is planning to launch phablets for emerging markets such as India and China by the end of this year.

According to a CNET report these speculated phablets with 6-inch and 7-inch display size will be priced between $200 and $250 off contract.

There is however no word from the company whether the phablets would run on Android OS or Microsoft's Windows Phone ecosystem.  One report says that they would be recycled designs from manufacturers like Pegatron and Quanta.

The company's Slate 7 tablet landed earlier this year, and a full line of Android and Windows 8 tablets are already on the way.

The Asia/Pacific markets (excluding Japan) have shown its preference for pahblets in the second quarter of 2013 with India and China contributing a great deal to their popularity after mature such as South Korea, Hong Kong and Singapore witnessed the tremendous growth, according to the research firm IDC.

Another IDC report says that tablet market is being hampered by growing preference of the people for big-screen smartphones popularly called phablets.

The IDC Asia/Pacific Quarterly Mobile Phone Tracker says Worldwide Quarterly Tablet Tracker, and Asia/Pacific Quarterly PC Tracker, device vendors shipped 25.2 million phablets in 2013 Q2, compared with 12.6 million tablets, and 12.7 million portable PCs. Phablets made a significant jump, up by 100% quarter on quarter, and up 620% for the same quarter in 2012.