Apple just announced the iPad Mini this morning, which is a 7-inch (7.9 inches to be exact) version of the popular tablet that we all know and love.

The iPad Mini will cost $329 for the base 16GB Wi-Fi model, $429 for the 32GB, and $529 for the 64GB capacity, which is $30 more than the base model of the Retina iPad 3.

If you prefer to have the cellular version of the iPad mini, then these will run you $459, $559, and $659, respectively.

The iPad Mini will be available for preorder this Friday, Oct. 26, and will be available for purchase next Friday, Nov. 2.