Acer is introducing a new 7-inch tablet due for release in June. The upcoming Iconia One 7 is an Intel-powered tablet running Google's Android 4.2 operating system. It is a budget device that cuts corners on the operating system and hardware so that it can reach a starting price of $129.99.

The Iconia One 7 tablet will be available in black, blue, red, pink, and white, and features a 7-inch IPS display with a 16:10 resolution of 1280×800, a 5 megapixel rear camera, and a 0.3 megapixel webcam. The tablet has rounded corners and edges (especially on the back panel).

Internally, Acer has chosen to use a dual core SoC based on Intel's previous generation Clover Trail+ architecture (2-wide, in order cores that support Hyper Threading). The chip features two CPU cores clocked at 1.6 GHz, 1 MB of cache, and a PowerVR SGX544 GPU. THe chip is paired with 1GB of system RAM and either 8GB or 16GB of internal flash storage. The internal storage can be expanded with up to a 32GB microSD card. The tablet is powered by a 3,700 mAh battery.

The tablet hardware is reportedly compatible with Android 4.4, but Acer has yet to outline an upgrade path.

Acer has obviously cut corners here, both on the hardware and software. However, these sacrifices have allowed the company to offer up a tablet at a base price of $129.99. It will not be the fastest device, but it should be a good-enough web browsing and reading tablet for those that prefer the portable 7-inch form factor. (Personally, I would have liked to see a Bay Trail-powered variant at a slightly higher price point.) The Iconia One 7 will be available in Africa, Europe, and the Middle East by the middle of this month and will hit US shores in June.

Also read: ARM Claims x86 Android Binary Translation on Intel SoC Hurting Efficiency