Apple's much-awaited Oct.23 event has passed and many rumors about the iDevices to be launched have come true. Rumors of the 13-inch MacBook Pro with Retina display had surfaced for a while and now Apple has confirmed the details of the device.

In June 2011, Apple released a redesigned 15-inch MacBook Pro with Retina Display. However, the 13-inch MacBook Pro was not released with the big 15-inch version.

Now, the 13-inch MacBook Pro with Retina Display has been revealed and packs in promising features. The new 13-inch Model comes with a screen resolution of 2560x1600 pixels making it four times more than the previous model.

Intel Dual Core i5 or i7 processors will power the new 13-inch MacBook Pro. The new 13-inch MacBook is 20 percent thinner than the older version and measures 0.75 inch. At 3.57, pounds the new 13-inch MacBook Pro is almost a pound lighter than the older iteration. Apple claims the latest model as the lightest MacBook Pro ever.

The latest 13-inch MacBook Pro with Retina Display will be available in two base models and Apple has priced the models at $1,699 and $1,999. The specs for each are as follows:

$1,699, 13-inch MacBook Pro with Retina Display

• 2.5GHz dual-core Intel Core i5
• 8GB 1,600MHz RAM
• 128GB solid-state drive (SSD)
• Intel HD Graphics 4000

$1,999, 13-inch MacBook Pro with Retina Display

• 2.9GHz dual-core Intel Core i7
• 8GB 1,600MHz RAM
• 256GB SSD
• Intel HD Graphics 4000

The models will also have Wi-Fi and Bluetooth capabilities. Previously, analysts predicted that the 13-inch MacBook Pro will be released this fall.

"Analyst Ming-Chi Kuo of KGI shared in a note with AppleInsider on Thursday that he expects Apple to ramp up production of a 13-inch next-generation MacBook Pro with Retina display in September. That would allow the product to hit stores in early October, in time for the holiday shopping season," reported MacRumors in June this year.

The 13-inch MacBook Pro with Retina display packs impressive features required in a small notebook. Time will tell if the latest addition to its notebook line-up strengthens Apple's position in the market even further.