Nexus 7 is powered with NVIDIA Tegra 3 quad-core processor. Along with an internal memory of 16GB and 1GB RAM, it comes with the latest version of Android Jelly bean (4.1). The Jelly Bean OS out-of-the-box features a smarter keyboard, Gesture Mode, improved search, voice search, easy photo-sharing etc. Google has also released the Android 4.2 update for the device.
