As many of you already know, today was the day the world finally received that long-awaited iPad Mini reveal. When Apple announced the new bite-sized iPad, it did so by comparing the iPad Mini to the immensely popular Google Nexus 7. Right off the bat, we can tell that Apple perceives the Nexus 7 as the biggest competitor to the iPad Mini, and anyone who owns a Nexus 7 knows that there’s good reason for that.

Naturally, we can’t truly compare the two until we get to check out an iPad Mini with our own hands and eyes, but we do know that the iPad Mini comes with a 7.9-inch screen. Compare that to the seven-incher on the Nexus 7, and it’s clear that the iPad Mini has a larger display. This is something Apple really tried to bring home, showing images of a web page taken from the screens on both the Nexus 7 and the iPad Mini.

The Nexus 7 beats the iPad Mini out in terms of resolution, though, with the iPad Mini sporting a 1024×768 display compared to the 1280×800 display on the Nexus 7. The iPad Mini seems like it can hold its own as far as internals go, though the A5 dual-core processor seems to be aging a bit when held against the quad-core Tegra 3 found in the Nexus 7. While the iPad Mini is certainly an impressive device, there’s one thing that leaves us feeling a little turned off: the price.

You can get an 8GB Nexus 7 right this minute for $199, and there’s a lot of evidence that the 16GB model will be dropped down to that price once October 29 rolls around. The price of a 16GB iPad Mini with Wi-Fi? $329, and if you want 4G functionality, that price goes up to $459. Of course, value is in the eye of the beholder, but as far as price goes, we’ll pick a Nexus 7 as our mini tablet of choice every time. What about you?

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[via SlashGear]