ASUS has released its own spin on a budget tablet with the new MeMo Pad HD 7. An updated model of the original MeMo Pad, the new 7” tablet runs Android 4.2.1 with newer hardware.

On the outside, the MeMo Pad HD 7 features a 1280×800 IPS display, 1.2 MP webcam, and 5 MP rear camera with auto focus. The top of the tablet hosts a micro USB port, microphone, and headphone jack. The MeMo Pad HD 7 measures 7.7” x 4.7” x 0.43” and weighs 0.67 pounds (303 grams). The MeMo Pad HD 7 comes in blue, green, pink, and white.

The ASUS MeMo Pad HD 7 is powered by a quad core MediaTek MT8125 SoC clocked at 1.2GHz, 1GB of RAM, 16GB of internal storage, and a 15Whr battery. Wireless radios include 802.11b/g/n Wi-Fi, Bluetooth 4.0, and Miracast wireless display support. The device also has two built in stereo speakers with Sonic Master audio technology.

Best of all, the budget tablet is available now with a price of $149. As an even more affordable alternative to the new Nexus 7, the ASUS MeMo Pad HD 7 looks to be a decent device.