10/23/2012 05:21 pm ET Updated Oct 23, 2012

iPad Mini Price Revealed: It's Spendier Than Rivals

Apple's new iPad is mini. Its pricetag, not so much.

The 7-inch tablet will start at $329, for its WiFi-only 16 GB version, the company announced today.

The iPad Mini measures 7.9 inches corner to corner. The competing Google Nexus comes in at 7.8 inches (starting at $249 for 16 GB) and the Kindle Fire HD at 7.4 inches (starting at $199 for 16 GB), per CNET.

Here are full price options for the iPad Mini, per Apple:

iPad Mini Wi-Fi models:

16 GB ($329)

32 GB ($429)

64 GB ($529)

iPad Mini Cellular models:
16 GB ($459)
32 GB ($559)
64 GB ($659)

The Google Nexus comes in at two prices: $199 for 8 GB and $249 for 16 GB. Kindle Fire HD similarly has two prices: $199 for 16 GB and $249 for 32 GB.

What might make you spring for the iPad Mini as opposed to its competitors?

There's the "App Store" to start. No competitor offers such a comprehensive collection of apps. For those who have Apple products already, you'll be able to load your apps and purchases onto the iPad Mini.

There are also 4G LTE versions of the iPad Mini available, but those will cost more, starting at $459 for 16 GB. And there's the novelty of a new Apple product, if you can afford it.

Still not sure? We've put together a handy chart pitting the iPad Mini's specs against those of the Kindle Fire HD and the Nexus 7. Check it out (here) and see if Apple's pint-sized new offering makes the cut.

Apple also announced a 4th generation iPad Tuesday, something that wasn't expected.

Take a look at the iPad Mini in photos:

Apple's New iPad Mini