Here's our breakdown of everything you need to know about the Apple iPad Mini 2.

Prices: Following the release of the iPad Mini 3, the pricing of iPad Mini 2 has decreased to $300 for the 16GB model and $350 for the 32GB model. Prices for cellular-capable models have also dropped and are now $430 for 16GB and $480 for the 32GB variant.

Deals: It's going to be hard to beat the current prices for the Mini 2, but there are several options out there. Go here for a 16GB model with Retina display.., though note that it is certified refurbished. A similar deal can be had for the 32GB variety, with prices starting as low as $315.

Pros: The Apple iPad Mini 2 with a 2048x1526 Retina display has a beautiful body. It is powered by a powerful 64 bit CPU with Apple's A7 chip, which makes it as powerful as the iPad Air. It has a brilliant high-resolution display that offers incredible pixel density. Improved Wi-Fi, LTE connectivity, good battery life and Dual microphones wrap up the deal.

Cons: Prices starting at $399 make the tablet much more expensive than its competitors. Its size makes holding the phone a little uncomfortable. Also, it lacks the innovative Touch ID fingerprint sensor earlier seen in iPhone 5S.

Specs: The Apple iPad Mini 2 comes in two versions, the Wi-Fi model and a cellular version. It has an LED-backlit IPS LCD capacitive screen of 7.9 inches with oleophobic coating. It runs on a iOS 7, upgradable to iOS 8.1.3 Dual-core 1.3 and a GHz Cyclon processor. The iPad Mini 2 has a 6470 mAh battery and the primary and secondary cameras are 5 MP and 1.2 MP respectively. Some other features are active noise cancellation, iCloud cloud service, and audio/video player/editor.

Talking Points: Although the sales of the iPad Air 2 have not been as strong as that of iPhone 6 or 6 Plus, the iPad Air 2 is still dominating the tablet market. Recently, there have been many deals for the tablet on various websites.

Now is a great time to buy an iPad Air 2 or iPad Mini 3. Apple has pretty much saturated the tablet market in the United States. Many retailers are pricing this tablet quite aggressively to get people to consider buying it.

Conclusion: With the iPad Mini 2, there are no limitations. The faster processor gives a big boost to the performance. It is undeniably expensive but is also one of the most premier tablets one can possess.