Asus ME172V is the codename for next budget friendly tablet from Taiwanese manufacturer Asus featuring Google’s latest Jelly Bean OS. It is mainly aimed at budget friendly customers and will go on sale for $99. Asus ME172V is also rumored to be the next low end Nexus tablet. Asus ME172V will feature a 7-inch display with the resolution of 1025 x 600 pixels. It will be powered by 1GHz processor and 1GB RAM. Asus ME172V will come pre installed with Google’s latest Jelly Bean (Android 4.1) OS. There is no further information available on the tablet but rumors are that it will be launched during Q1 of 2013. The Nexus tablet for under $100 will be a great achievement for Google & Asus. Google’s latest flagship Nexus 7 (pictured above) tablet is currently dominating the low end tablet market. And with the arrival of $99 Nexus tablet it will further put pressure on other tablet manufacturers. Asus ME172V will compete directly against other $99 tablet like Acer Iconia B1. Stay tuned for more updates or follow @harrym20 on Twitter.