Acer is launching its newest member of its Iconia tablet family. Acer officially announced the Iconia B1-A71 tablet, one of the lowest priced 7-inch tablets on the market. Acer designed the tablet for young people, new users or families looking to add another tablet to their household without breaking the bank.

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Acer is targeting the lower end of the tablet space with the Iconia B1-A71. It believes that it's the perfect low-cost tablet for first time tablet buyers and the $150 price tag is low enough to justify joining the 7-inch tablet party.

Here's a look at Acer Iconia B1-A71 features and specs:

• Android JellyBean operating system
• Mediatek dual-core 1.2GHz processor (MTK 8317T)
• 7-inch diagonal WSVGA capacitive multitouch screen with 1,024 x 600 resolution display
• 8GB(1) of internal storage and 512MB DDR3 memory
• Wireless connectivity: Wi-Fi 802.11 b/g/n -Bluetooth® wireless technology 4.0 -GPS
• 3.5mm headset/headphone/microphone jack
  -internal speaker
• microSD^TM expansion slot with up to 32GB support
• Front-facing 0.3-megapixel webcam
• Rechargeable 2,710 mAh battery
• micro-USB (charging and PC connect) with USB 2.0
• Dimensions: 197.4 mm x 128.5 mm x 11.3 mm
• Weight: 320 g

As you can tell from the specs, this is definitely an entry-level tablet compared to other 7-inch tablets like Apple's iPad mini, Google's Nexus 7, and Amazon's Kindle Fire HD. Acer is not targeting those devices and is betting on that sweet and low $150 price point. Will the low price of the Iconia B1-A71 tablet be enough to sway you to choose it over other 7-inch tablets? Sound off below.

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