Now that Best Buy has leaked the specs of the new 16GB and 32GB Nexus 7 hours ahead of Google’s unveiling, we can compare and contrast both the specs and the price of Google’s refreshed budget tablet with its main competitor: the Apple iPad mini.

                                                New Nexus 7                                                                  iPad mini

Display Size:                                 7-inch                                                                            7.9-inch

Display Resolution:                   1920 x 1080                                                                 1,024 x 768

Processor:                     Qualcomm S4 Snapdragon 1.5GHz                                A5 Dual Core 1GHz

Storage:                                    16GB/32GB                                                              16GB/32GB/64GB

Memory:                                        2GB                                                                              512MB

Webcam:                                   5MP/1.2MP                                                                  5MP/1.2MP

Battery:                                   Lithium-Polymer                                                     Lithium-Polymer

Dimensions:                       7.9x4.5x0.3-inches/11.2-oz                       7.87x5.3x0.28-inches/10.88-oz/11.04-oz (Data Version)

OS:                                     Android 4.3 Jelly Bean                                                               iOS 6      

Price:                                $230 (16GB) $270 (32GB)                                    $329 (16GB) $429 (32GB) $529 (64GB)

The new Nexus 7 beats the iPad mini on processor speed, screen resolution, memory and price. The Nexus 7 is offered in two storage variants: 16GB and 32GB, while the iPad mini is offered in 16GB, 32GB and 64GB models. The iPad mini's 1,024 x 768 screen resolution can't measure up to the new Nexus 7 and its 1,920 x 1,080 display. The new Nexus 7 also has four times the amount of memory that the iPad mini has. The cheapest iPad mini ($329 16GB version) is $50 more than the most expensive Nexus 7 ($270 32GB version).

Unless you're a diehard Apple/iPad/iOS aficionado, the refreshed Nexus 7 makes a pretty compelling case as to why it should be your next tablet should you be in the market for one.

What do you think of the new Nexus 7 specs? Will you be getting a new Nexus 7? Why or why not? Are you disappointed that there is no 64GB Nexus 7? Why or why not? Do you find the refreshed Nexus 7 more appealing than the iPad mini? Why or why not? Sound off in the comments below.