Apple introduced a slew of new products Tuesday, but the star of the event was undoubtedly the company’s new tiny tablet, the iPad mini.

The iPad mini starts at $329 for 16GB and WiFi connectivity. The device has a dual-core A5 processor, a FaceTime HD front-side camera, a 5MP rear-facing iSight camera, LTE capability, a Lightning connector and 10 hours of battery life.

The LTE model starts at $459. Going for the 32 GB or the 64 GB models? Add $100 or $200 to the base prices.

That high price tag may make some users balk, given that other small tablets come in at $199.

In the presentation, Apple’s chief of marketing Phil Schiller pointed out that the 7.9-inch diagonal on the iPad mini gives it more screen real estate than on 7-inch tablets, such as the Google Nexus 7 and the Kindle Fire, in portrait and landscape orientation.

The tablet is as thin as a pencil and as light as a pad of paper — 0.28-inches thick and 0.68 pounds.

Apple chose the dimensions of the smaller tablet to fit the ratio of the larger iPad so that developers could scale their apps to fit well on the iPad mini.

The price will be the main sticking point for those looking at the new tablet: Apple’s stock took a noticeable dive during the live-streamed event when the company announced how much the mini will cost.

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