Apple updates iPad mini with Retina Display, lowers price on older model

Apple today announced the highly anticipated iPad mini with Retina Display. It is keeping last year's mini as an entry-level model for $319.99.
The new iPads feature the powerful and power-efficient Apple-designed A7 chip with 64-bit desktop-class architecture, ultrafast wireless with faster built-in Wi-Fi and expanded LTE cellular connectivity, and the newly-designed iOS 7. While the Retina Display was expected (although some pundits expected supply to be sparse given the smaller Retina Display) no one thought Apple would outfit the smaller iPad with the latest A7 processors.