Apple finally announced the smaller version of the iPad
called the iPad mini. The new device will be the Google's Nexus 7 rival.
The newest apple toy will have a 7.9", 1024x768 (4:3) screen with internal storage of 16GB (up to 64), a 5 megapixels rear camera (and a 1.2 front-face), it's running on the last-generation dual-core A5 CPU at 1Ghz and it will have iOS 6. There are going to be versions with Wi-fi only or with 4G too.
Pre orders for the 16GB WiFi-only model begin on Friday (October 26th) at 329$ and will begin shipping on November 2nd.
more info here
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