Just like there is trend of 1080p smartphones, super cheap 7 inch tablets are also in demand. Acer is looking to capitalize that with its latest Acer Iconia B1 tablet. The fourth largest personal computer manufacturer is seeking its fortune in the ripe tablet markets. This information is revealed by Wall Street Journal which claims to have spoken with an anonymous source with direct knowledge about the project. There are many 7 inch tablets available in the market right now. From Apple’s iPad to Google’ Nexus 7 there is a large variety to choose from. But Acer has an ace up its sleeve (and name too), going head to head with the established giants in the 7 inch tablet market will be deliberate idiocy. That is why Acer Iconia B1 might launch with a cheap price tag of mere $99. According to the Wall Street Journal’s inside man the Acer Iconia B1 will come with a 1.2 Dual Core processor and a 7 inch display supporting a 1024 x 600 resolution. Both of these are well below what the competition of offering, but when a device is half the price of a recognized product, we can’t actually complain. Last week we saw a leak regarding the very same device via a Serbian forum. The forum also states that the device will have only 512 MB of RAM. With on board storage of 8GB the Acer Iconia B1 will run on Android 4.1.2 Jelly bean. And will come equipped with Bluetooth and a microSD card slot (offering up to 32 GB). Although the information provided on the forum is rather debatable, we have 2 pretty clear shots of the 7 inch device as an added bonus. Acer might be aiming to counter the Chinese white box tablet market here. It will be interesting to see how the Acer Iconia B1 will be received. There is a strong possibility that we will see the Acer Iconia B1 in action on CES 2013.