Talking about cheap Android 4.0 tablets with high performance levels, look no further as Xtex My Tablet is the latest Android 4.0 tablet powered by a 1.5GHz processor along with 1GB RAM. Other features include 7 inch capacitive touch screen display with 800 x 480 resolution, 16GB internal storage, microSD card slot, 2MP front facing camera, HDMI out, USB port, 3.5mm audio jack, Wi-Fi etc. According to the source, the Xtex My Tablet supports HD video playback.
The Xtex My Tablet is available for about $150 only and is currently one of the cheapest 7 inch Android 4.0 tablet powered by a 1.5GHz processor.
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