The iPad mini was finally unveiled earlier today.

Apple unveiled the iPad mini at an event in San Jose earlier today, finally putting rumors of the device’s existence to rest.

The smaller iPad boasts a 7.9-inch display with a 1024×768 resolution, and at 7.2mm thick it’s 53 percent lighter and 23 percent thinner than a 4th-generation iPad. It also sports Apple’s dual-core A5 processor, optional 4G LTE, 5-megapixel iSight camera, 802.11n wi-fi, 10-hour battery life, and the Lightning connector that Apple introduced with the iPhone 5. The introductory 16GB Wi-FI model will retail for $329, with 32GB and 64GB models going for $429 and $529, respectively. 4G models will start at $459 with the same $100 bump for each storage tier.

Preorders on the iPad mini start Friday, October 26th and the tablet will be available starting November 2nd.

Apple also announced a 4th-generation iPad just 7 months after releasing the 3rd-generation model. The new New iPad will offer Apple’s A6X processor, with the company claiming that it offers twice the graphics performance over the outgoing A5X, all while still offering the same 10-hour battery life as the last generation. The LTE will also be updated to offer support for Sprint’s network in the United States, and rounding out the changes is the fancy new Lightning connector. The updated 9.7-inch tablet will be available for preorder this Friday and release on November 2nd alongside its mini brethren.

Click here to see how the iPad mini’s specs line up against the Kindle Fire HD.

Check out the official iPad mini overview here.