Apple iPad mini announced

Apple's iPad mini (AAPL) not only delivers a smaller screen size, but also delivers a smaller price. Just moments ago, Apple Phil Schiller VP of Worldwide Marketing announced the new iPad mini at just 7.2mm thin, 25% thinner than the larger iPad and weighs just 0.8lbs. Apple CEO Tim Cook stated at the company's event that Apple has sold its 100 millionth iPad in just two and a half years. It comes in black and white models, and it's screen resolution is 1024 x 768 just like the first iPad and iPad 2.