iPad Mini: Specs, Price, and Everything Else You Need to Know (VIDEO)

After much speculation, Apple finally unveiled the iPad Mini. And to be honest, it's been a long time coming. Their market share in tablets has dropped considerably since 2010 when Google and Samsung began releasing their 7-inch tablets that were considerably cheaper than the regular iPad.

In an attempt to get back into the game, Apple unveiled their 7.9-inch iPad Mini along with a bevy of iMacs, laptops, and an updated iPad. Here are the specs you need to know:

Screen size: 7.9 inches diagonally

Thickness: 7.2 millimeters

Screen resolution: 1024 by 768 pixels (No retina!)

Weight: 0.68 pounds

Cameras: 5-megapixel camera at the back and a low-resolution camera in front (Note that most of the other tablets don't have cameras!)

Battery life: 10 hours

Storage: 16GB, 32GB, and 64GB

Chip: Dual-core A5

Everything sounds good, until we get to the price. The 16GB, WiFi-only version starts at $329. That's over a hundred dollars more expensive than the Galaxy Nexus 7, for crying out loud. Judging from many people's initial reactions, it looks like the iPad Mini's price is the ultimate dealbreaker.

You can get more info about the iPad Mini here.