On Tuesday, Apple finally unveiled its iPad Mini, the smaller 7-inch iteration of the company’s widely popularized tablet. Rumors and leaks throughout recent months have indicated that the iPad Mini was in production, and now those speculations have finally been confirmed.

The iPad Mini was originally expected to debut alongside the iPhone 5 in Apple’s September event. However, as we predicted, the Cupertino, Calif.-based company held a separate keynote to reveal the latest addition to its tablet family.

"It's incredibly thin and beutiful. Incredibly thin and light," said Apple's VP of Marketing Phil Schiller at the event.

Below is the official list of features and specs that will be included in the iPad Mini.

7.2mm thick, which is a quarter thinner than the fourth generation iPad

Weighs in at 0.68 lbs, ligher than a pad of paper

Available in black and white

7.9-inch display, nearly mirroring rumors that forcasted a 7.85-inch display

1024x768 display resolution

Compatible with all iPad software

Side by side comparison with an Android tablet shows that the iPad Mini has a lighter and thinner side bezel.

35 % more screen space than a 7-inch Android tablet, as Schiller displays on stage

50% larger display area in the iPad Mini's Web browser

Powered by an A5 Chip

FaceTime Camera HD

LTE connectivity

5MP iSight camera

Lightning dock connector

10 hours of battery life

We'll be updating this story as Apple reveals more information. Pricing and release date details to come.