Apple Unveils iPad Mini Alongside New Macs

Following months of speculation, Apple (Nasdaq: AAPL  ) unveiled the new iPad mini at its special event today. The new device carries a 7.9-inch display and features the same resolution as the iPad 2. The iPad mini will feature Apple's dual-core A5 chip, the same processor used in the iPad 2, along with two cameras.

Apple is including 4G LTE support for the smaller model, similar to the larger 9.7-inch version. The tablet will also boast the same 10-hour battery life, improving its portability. Pricing starts at $329 for a 16-GB model, with additional configurations available that follow Apple's existing pricing strategy. Adding $100 increments will double storage up to 64 GB. Including 4G LTE capabilities adds a $130 premium.

Along with the iPad mini, Apple unveiled a new fourth-generation iPad with upgraded internal specifications and added support for more international 4G LTE frequency bands. Additionally, the company is now bringing on Sprint Nextel (NYSE: S  ) as an iPad carrier partner.

Pre-orders start on Oct. 26, which also happens to be the day Microsoft (Nasdaq: MSFT  ) launches Windows 8 and its Surface RT tablet. It will launch Nov. 2 in a wide range of countries.

Apple also unveiled updates to its Mac mini and iMac families, while introducing a 13-inch MacBook Pro with Retina display.

The introduction of the iPad mini is an event Apple investors have been looking forward to for months. The stakes are high and the opportunity is huge. To help investors understand this epic Apple event, we've just released an exclusive update dedicated to the iPad opportunity. By picking up a copy of our premium research report on Apple, you'll learn everything you need to know about the device, and receive ongoing guidance as key news hits. Claim your copy today by clicking here now.

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Evan Niu, CFA owns shares of Apple. The Motley Fool owns shares of Apple and Microsoft. Motley Fool newsletter services recommend Apple and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (7) | Recommend This Article (2)

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  • Report this Comment On October 23, 2012, at 2:56 PM, Shepp67 wrote:

    Steve Jobs was right, the mini should never have seen the light of day. Look at the tiny side bezel... and all this for 130.00 USD more then a Kindle FIre, and 80.00 USD more than the Nexus 7 (that I happen to own, along with a 1st Gen iPad, and 1st Gen Fire). As an APPL shareholder, today's event was a major let down.

  • Report this Comment On October 23, 2012, at 3:00 PM, chilero wrote:

    I feel for all the iPad 3 users who just had their tablet obsoleted after 6 months.

  • Report this Comment On October 23, 2012, at 3:08 PM, Roaringahead wrote:

    Obsolete? Really? So the iPad3 doesn't work any more?

  • Report this Comment On October 23, 2012, at 3:18 PM, chilero wrote:

    Obsolete doesn't mean non-functioning.

    Obsolete in the sense it is now outdated and has been removed from the Apple store.

  • Report this Comment On October 23, 2012, at 3:35 PM, getrichslowfool wrote:

    Roaringahead:

    Obsolete - out of date.

    Synonyms - antiquated, old-fashioned, outdated.

    Please note that I am doing my best to match your rhetoric in this post.

    Rhetoric - the undue use of exaggeration or display; bombast.

  • Report this Comment On October 23, 2012, at 5:58 PM, lucasmonger wrote:

    @chilero

    You can still get an iPad 3 at $379 in their refurbished section of the Apple Store. Comes with a full warrantee.

    @ everyone else.... thus is life in the tech business. You buy a shiny new object and in a year or less, something newer/cheaper/faster comes along. At the entry point of $329, the iPad mini will be sold to many, many people and really make it difficult for other tablets to make a dent in the market.

    The only saving grace for the other tablet makers out there is if there is a new, serious problem with the iPad mini that causes people to avoid this tablet like the plague (antennagate + iPhone price-drop-gate + spontaneous combustion + claims that baby seals were injured in the process)

  • Report this Comment On October 24, 2012, at 12:27 AM, herky46q wrote:

    The "old" iPad3 is still an excellent computer.

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