Is A Real iPad KILLER Around the Corner?

Competitors have struggled as Apple’s (NASDAQ:AAPL) iPad continues to corner the biggest share of the tablet market, but Acer is launching a new attempt with its Tab A700 that targets the new iPad’s retina display at a lower price. Acer’s new 10.1-inch tablet has a high-definition resolution of 1920 by 1200 at 224 pixels per inch, a Tegra 3 processor, and runs on Google (NASDAQ:GOOG) Android 4.0. Apple’s third-generation iPad has a 2048 by 1536 resolution at 264 pixels per inch display.

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The Wi-Fi-only A700 offers 32 GB of internal storage and a memory expansion slot, and is priced at $450. The new iPad’s 32 GB and Wi-Fi only version is available for $599, while the Wi-Fi and Cellular version is priced at $729. The A700’s battery life is rated at 10.5 hours of video playback or eight hours of web browsing. A micro HDMI port supports audio and video output to digital televisions.

The Tab A700 goes on pre-sale on Wednesday and will be shipping later this month at retail and directly through Acer in black and silver.