The rumors were all over the place regarding the iPad mini, with some saying it would have a higher resolution display and others saying that the technology wasn't ready and that the retina iPad mini was being postponed. So the good news, just announced, is that indeed there will be a new iPad mini with retina display, with 2,048x1,36 pixels. The form factor is basically the same, but the colors are new: silver and space gray. The big surprise is that the mini now has the speedy A7 64-bit processor. CPU tasks are up to four times faster and graphics tasks are up to eight times faster than the previous generation mini. It also has the new M7 coprocessor.
Also, a big surprise is that the base model is now more expensive, starting at $399 for the 16GB model and $529 for the cellular data model. Wow. They'll continue to sell the first-generation iPad mini for $299.
The mini has been a popular device and has sold well. Reportedly it constitutes two-thirds of all iPads sold. It will go on sale in November.