
As has been heavily rumoured for some time, Apple has revealed its smaller version of the iPad, the iPad Mini.
Weighing in at 0.68 lbs, it's 53 per cent lighter than any iPad yet. It's also 23 per cent thinner, with a tiny 7.2mm width. Despite this minuscule size, it still has a 7.9" screen with a 1024x768 resolution - the same as an iPad 2 - and packs a Dual-core A5 chip.
UK pricing is as follows:
The Wi-Fi model will ship on 2nd November. Two weeks later cellular versions will follow, starting in the US before making their way around the world.

Here's a few other bits and bobs that it includes:

Additionally, Apple revealed the 4th gen iPad, due the same time as the iPad Mini. Its dual-core A6X chip promises to double both CPU and graphics performance of the third generation iPad, which launched only six months ago.
Here's UK pricing:
Like the iPad Mini, it has a 10 hour battery life, twice as fast Wi-Fi and uses the Lightning connector. You can pre-order both the iPad Mini and the 4th generation iPad from 26th October and buy from 8am on 2nd November at Apple retail stores. The Wi-Fi + Cellular models will be available late November.
UPDATE: Apple has released astonishing sales and usage figures for iPad and iPhone.
Apple has sold over 100 million iPads in the two-and-a-half years since it launched. Just to put that into context, Microsoft has shifted 70 million Xbox 360s since its launch seven years ago. 91 per cent of the web traffic generated by tablets in the last 12 months came from iPads.
Apple said it shipped more iPads during the second quarter of 2012 than HP, Dell, Lenovo and Acer did laptops. Apple said this stat reflected consumer's growing preference for tablets over laptops.
200 million iOS devices now run iOS 6 just a month after launch. Apple boss Tim Cook said during his press conference that this is "the fastest software upgrade in history". 160 million people use Game Centre on iOS or OS X Mountain Lion.

Build and design
Easy enough to hold in one hand according to Cook, Schiller and company, the iPad Mini is made from aluminium and glass which should make it comfortable to grip and at just 0.68lbs is as light as a pad of paper. At 7.2mm thin it’s also as considerably more slender than its larger 9.7-inch iPad compatriot and as Apple so vividly put it, as thin as a pencil.
The rumours suggested a 7.85-inch display and it ended up actually being a slightly larger 7.9-inches mirroring the 9.7-inches of the current model (see what they did there?). It’s also an LED Multi-Touch display (with IPS technology for wide viewing angles) as opposed to a Retina display like the new iPad and iPad 4th generation while the 1024x768 resolution with 163 ppi is the same screen quality as the iPad 2. The extra screen estate should mean 67% more room than 7-inch tablet devices to browse and watch videos
It’s not quite the A6X nestled inside the new iPad 4th generation, but the iPad Mini gets the same A5 processor packed in the iPad 2 and iPhone 4S. The dualcore architecture should make it still suitably zippy, but it’s not quite the quadcore that the Nexus 7 is rocking.
Bringing it line with the iPhone 4S in the snapping department, the iPad Mini has a 5-megapixel rear-facing camera, with backside illumination for low lit photography. It also packs a front-facing FaceTime HD camera for high resolution video chats and can shoot also 1080p HD video with image stabilization to keep things steady.
Just like the new iPad and iPad 2, the iPad Mini will get its own version of the Smart Cover which will come in pink, green, blue, light grey and dark grey shades. Expect to pay £35 to protect your 7.9-inch tablet officially.
Just as Apple did with the iPhone 5, the iPad Mini gets the Lightning connector treatment adding the slimmer charging port that is 80% smaller than the previous cable and keeps the overall design more compact. Apple will provide adapters to hook up 30-pin accessories and support SD, VGA and HDMI outputs.
Apple claims that the dual band 802.11n Wi-Fi on board will deliver perform twice as good as previous iPad models, while LTE compatibility on top of the standard 3G support means its primed for 4G as well.
The iPad Mini should make it through the day with Apple promising 10 hours of battery life before you have to hook that Lightning connector up again, which is good news considering the comprehensive tech on board.
So how much is the iPad Mini going to cost you? Kicking off with the 16GB Wi-Fi only model, those looking to snap up the smaller iPad will need to part with £269 with those requiring 32GB or 64GB of internal storage having to splurge £349 and £429 respectively.
On the Wi-Fi + 3G front, wannabe iPad Mini owners looking to access the web at will need to part with £369, £449 or £529 depending on their choice of 16GB, 32GB or 64GB storage options.
The iPad Mini UK release date is slated for November 2nd and will available in black and white shades but you can get your pre-orders in from October 26th, the very same day that a certain Windows 8 launches.Get your cash ready people...
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Source Eurogamer/t3