Preview at WWDC likely in June, followed by September launch.
Apple Debuts Second-Generation iPad Mini with Retina Display
Internally, the Retina iPad mini includes a 64-bit A7 processor, M7 motion co-processor, and an upgraded 5-megapixel rear iSight camera with a backside illumination sensor and 1080p HD video capability. Meanwhile, the front of the device now features a new FaceTime HD camera with larger pixels that is also accompanied by dual microphones. The new iPad mini also now features multiple-input and multiple-output (MIMO) technology that offers up to 2x faster Wi-Fi, with both 802.11a/b/g/n Wi-Fi and LTE cellular models that available with up to 10 hours of battery life.
Apple has raised the price of the iPad with the inclusion of a Retina screen, and will offer it in 16, 32, 64, and new 128 GB models, beginning at $399 in the United States.
In addition to offering the Retina iPad mini, Apple will continue to sell the existing iPad mini at a lower price, offering only the low-end 16 GB model at $299 for Wi-Fi and $429 for Wi-Fi + Cellular. The first-generation black models will also see a shift from the previous slate shell to Apple's new space gray color.
The new iPad mini will be available next month, while the first-generation models at $299/$429 are available immediately.