Apple made an announcement earlier today about the launch of their latest iPad, dubbed the iPad Mini. Some of the characteristics this device carries include being 25% thinner and 53% lighter than its predecessor, front-facing FaceTime 720p camera and a 5-megapixel rear camera, 10-hour battery life, and more. As for the cost of the iPad Mini, the 16GB model will be $329, 32GB at $429, and 64GB for $529. Pre-orders for this device will start on October 26th. Additional pictures below.