Acer presented the Iconia Tab A700 tablet at a press event in Hamburg, Germany and hinted that the entry level model will cost as little as €549 with no 3G and 16GB onboard storage.
According to German website Tablettest, the company also aims to sell the 64GB version with 3G capabilities for €749. The tablet is likely to be put on sale in April in Europe although this may well depend on market conditions.
The Acer Iconia A700 is the first tablet on the market to come with a full HD display, a 10.1-inch IPS model with a 1920x1200 pixel resolution, which may well mean that the Apple iPad 3 will indeed have a retina display in order to catch up with the A700.
There's also a quad core Nvidia Tegra 3 Quad core chipset, 1GB RAM, an eight megapixel rear camera with a two megapixel front-facing one, microHDMI, microSD and microUSB ports, 3G, UMTS, Bluetooth, and a massive 9800mAh battery.
Asus is the only other manufacturer which has announced a tablet touting a quad core processor, the Eee Pad Transformer Prime, which was the first to come with the Tegra 3, which replaces the dual core Nvidia Tegra 2 cpu.