Acer this week announced its new 7-inch tablet at a slightly higher price point than both Amazon’s Kindle Fire HD and the Google-branded Nexus 7 tablet. The new Iconia Tab A110 will launch on October 30 and will cost $230.

The mini-tablet has a 1024 x 600 resolution screen and weighs just 0.86 pounds. It has a micro USB port, a MicroSD slot, and a MicroHDMI output.

Inside, the mini-tablet has an Nvidia Tegra 3 quad-core processor, 1GB of RAM, and 8GB of storage. Acer states that it has a “battery life” of up to 7.5 hours. The device will come running Android 4.1 Jelly Bean, Google’s latest mobile operating system, meaning customers won’t have to wait for a promised upgrade.

“Today’s consumers are increasingly mobile and want easy and instant access to entertainment at all times,” said Paul Tayar, senior director of product marketing for connected devices, Acer America. “The Iconia Tab A110 is another example of how Acer is meeting the needs of consumers, by providing tablet form factors that combine portability and performance for fun and gaming, at affordable prices.”

It’s interesting that Acer couldn’t shave that extra $30 off the price to offer the A110 at the seemingly magic price of $200. The tablet looks nice and comes with all of the latest hardware and software. However, the device might have a hard time competing in the increasingly crowded mini-tablet market, especially when Apple’s iPad Mini or the rumored $99 Nexus tablet hit store shelves.