Putting rumors to rest, on Tuesday, Oct. 23, Apple revealed its highly-anticipated iPad mini at an event in San Jose, California. Moreover, just six months after the new iPad was launched, the company revealed a tweaked version of the new iPad.

The iPad mini will sport a 7.9-inch LED-backlit Multi-Touch display with IPS technology with 1024 x 768 pixels resolution at 163 pixels per inch (ppi). The tablet will also have fingerprint-resistant oleophobic coating. As previously rumoured, the iPad mini will not have Retina display.

Apple's dual-core A5 processor will power the device. The iPad mini will feature a 5-megapixel rear-facing iSight camera and will also include a 1.2-megapixel front-facing FaceTime HD camera with 720p HD video capabilities.

The iPad mini will be available in 16/32/64 GB storage options and will support 4G LTE, 802.11a/b/g/n Wi-Fi and Bluetooth 4.0. The iPad mini will also include the 8-pin Lighting Connector, which first featured in the iPhone 5. The device will include a 16.3 watt-hour battery which Apple claims will provide 10 hours of continuous productivity.

The iPad mini will measure 7.87 x 5.3 x 0.28 inches, which Apple claims is the same width as of a standard pencil. At just 0.68 pounds, Apple compared the iPad mini to a standard paper pad which weighs similar to the latest Apple offering. The tablet will be available in black or white versions; however, Apple has also announced covers for the iPad mini which will come in various hues.

Pre-orders for the iPad mini will start from Oct. 26 with the device will be shipped from November this year, just in time for the holiday season. The price of the iPad mini starts from $329 for the 16GB Wi-Fi model.

Apple also announced a tweaked version of the current third generation iPad, which will feature Apple's latest A6X processor, a smaller Lightning connector, LTE support, and an enhanced Wi-Fi feature. The fourth-generation iPad has the same price tag as of the current version sending shock waves to iFans who have purchased the tablet with the older A5 processor just six months ago.

The iPad mini packs in features which may send other rival 7-inch tablet makers looking for cover. However, the price of the iPad mini is slightly higher when compared to other 7-inch tablets. Time will tell if the iPad mini will oust rivals in the 7-inch tablet market in the near future.