World’s cheapest android Tablet – Aakas – has finally got a competitor to deal with. MIPS Technology, a china based company, has developed a new Tablets–Nova 7— running on Google’s upcoming Android 4.0 (ICS). To compete with Aakash, company has priced Nova 7 only $99.  Aakash— a tablet recently introduced by Indian Government and running on Android 2.2 – was introduced with  a price tag of just $46.

The debut of Nova 7 is definitely fuel the competition for Aakash as its loaded with Android latest version Ice Cream Sandwich (ICS). Currently, Nova 7 in Tablet is only available in china and can be ordered through Ainol Electronics.

The foremost important is that the Nova 7 runs on latest Android 4.0 version, features 7-inch capacitive touchscreen, 1 GHZ single-core MIPS processor while Aakash only has 366 MHZ processor. Also, Nova7 is loaded with 2 MP rear camera, a front camera, 3D graphics, Wi-Fi, Bluetooth, HDMI out and Micro-SD card slots. Company has not declared the price on what it would be available outside China.

The video below demonstrates how Nova 7 is game changer in the tablets market:

httpv://www.youtube.com/watch?v=2i41fA9WfsA

Also, Nova 7 has been blessed by Google. Besides Google’s certification to run application like Google’s Map, Gmail, Google talk and Google Music, Nova 7 users can access Android Marketplace to load many more apps as per their needs. In the present scenario, where low-price tablet strategy plays vital role to attract a set of tablet users, Amazon’s Kindle Fire at $199 compel Apple to reduce iPad 2’s price from $499. It is thrilling the world by imagining the level of competition in Tablet industry which would result in low cost devices only t attract more and more number of customers. Ultimately, it would be the end user would enjoy the maximum benefits from all such price war. while price war is here to stay for long, it would be interesting to see the price tags of Samsung Galaxy lineup, Barnes & Noble’s Nook, and also more than two dozen tablets models – which are going to release before the Christmas.

The Senior Vice President of Google Mobile—Andy Rubin—said “I’m thrilled to see the entrance of MIPS-based Android 4.0 tablets into the market. Low cost, high performance tablets are a big win for mobile consumers and a strong illustration of how Android’s openness drives innovation and competition for the benefit of consumers around the world.”

Really, the low-price Tablet—Nova 7 would attract users who can’t afford expansive tablets like Apple’s iPad. The tablets would be very beneficial to countries like India, China, and other Asian countries – where price drives the product sale chart – to educate the rural masses with the advanced digital trends.