(Image credit: Apple)

Apple just announced the upgraded iPad mini 8 , the first small Apple tablet with an OLED display, as part of the company's " Pro and Tell " event. New MacBooks should be announced later this week.

The update is huge but also comes with a $100 price increase, meaning the new iPad mini starts at $699, or $58.25 per month for 12 months. Fortunately, Apple also increased the trade-in value for older iPads.

It's not a massive increase — $20 more than previous rates at most — but it might help take some of the sting away from the new price tag.

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iPad trade-in value Model

Estimated value

iPad Pro

up to $915

iPad Air

up to $525

iPad

up to $300

iPad mini

up to $340

As a reminder, this depends on the model. A newer iPad mini 7 will get you more money, and the tablet's condition matters, too.…