Apple on Monday announced a new iPad mini with a larger 8.5-inch OLED display. The tablet features a thinner and lighter design than its predecessor and is powered by an A20 Pro chip. The new iPad mini starts at $699 for the Wi-Fi model and $849 for the Wi-Fi and cellular model.

The iPad mini is the perfect tablet for anyone who wants a model that's easy to hold and travel-friendly. The 8.5-inch display is larger than the previous model, but the tablet itself is the same size. Apple simply thinned the bezel to make this possible.

Apple said the new iPad mini that it announced today will be available to pre-order starting at a quite specific time on Wednesday: 10:10 a.m. Pacific Time. Apple invited selected tech reporters and content creators to an experience in Los Angeles on Wednesday at 10 a.

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With the A16 processor, apps such as email, messaging, and social media are always quick to open. It also supports multiple apps at once, enabling rapid switching between apps, and playing graphically intensive games on the iPad doesn’t cause performance lag.

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Apple today updated its U.S. trade-in estimates, raising maximum values across the iPad lineup and for most Macs following today's announcement of the new iPad mini. Every iPad category has gained value,