Apple Unveils the iPad Mini

Tablet innovator's new devices will have to fight for space in a very crowded market.

At .68 pounds and just 7.2 millimeters thick, the 7.9 inch device is one of the smallest, lightest and thinnest tablet on the market -- thinner than a pencil and lighter than a pad of paper, Schiller noted -- and still capable of running the over 250,000 iPad apps without trouble.

ipad mini
apple.com

Taking on the Competition

"Two weeks ago, we sold our 100 millionth iPad," Cook told the crowd. "In the office, in the field, in places you could never dream of seeing a PC, iPad is showing up more and more."

And it's no wonder.

Given the different configurations a options available for each model, after the iPad 4 and iPad Mini hit the streets, there will be 14 different iPads to choose from. Add to that the competition from Androids, the Kindle Fire and soon Microsoft's Surface, just to name a few, and the market is starting to seem rather crowded.

With this added pressure from its competitors and its own excessive product line, Apple can no longer rest on its laurels or rely on its dedicated followers -- chances are they already have brand new iPads. So the company is starting to get aggressive.

"Others have tried to make tablets smaller than the iPad, and they have failed miserably," Schiller said to cheers. "Those are not great experiences."

To drive the point, he launched into a lengthy side-by-side comparison between the iPad Mini and an Android tablet, highlighting some impressive size and weight differences between the two  -- the iPad Mini has a 35% larger screen, for example, which provides 67% larger image space for web browsing in landscape mode.

The timing of the event also struck many as an aggressive move against Microsoft (IW 500/15), coming only three days before the release of its Surface tablet, and even coordinating orders for the iPad Mini to begin on October 29, just a week after the Surface hits.

It is impossible to guess how this competition will play out or how the market will respond to such an over-saturated product line, but it will be an interesting story to watch unfold.

Regardless of how this competition plays out, with a new iPhone, new operating systems, a bag full of tablets and software already on the market this year, Cook's closing statement surely rings true -- for better or worse: "It has been a truly prolific year of innovation for Apple."

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