According to Reuters, Google is going to equip the Nexus 7 sibling with Qualcomm’s Snapdragon processor and is aiming to price the tablet lower than the current price of Nexus 7. The new tablet may cost somewhere between $149 and $199, which if true will undercut the lowest priced iPad Mini by a whopping $180.

Unnamed sources have told Reuters that the search engine giant is looking to ship as many as 8 million units of ASUS made tablets and would pitch the refreshed version of Nexus 7 in direct competition of other low priced tablets such as the Kindle Fire HD and iPad mini.

The reason Google is going for a Qualcomm processor is to reduce the power consumption. Nvidia Tegra chips are not infamous for over use of battery juice but the Snapdragon combines processor and radio in one thereby using a little less power.

Compared to the 2012 version of Nexus 7, the new tablet may very well boast of higher resolution. Sources have revealed that bezel around the new and improved display will be less and would be far more attractive.