Apple's new iPad Mini was updated for the first time since 2015 with a new A12 processor and a better display. It's very good and, at $399, is worth considering if you're in the market for a new iPad. It's portable but still powerful enough to do pretty much everything that bigger iPads can do

CNBC's Todd Haselton reviews the long-awaited Apple iPad Mini, a powerful but small tablet that fans of the more compact form factor will love.

The iPad Mini has a cult-like following. The 7.9-inch screen is small enough for you to carry it around like a mini-notebook or slide it into a jacket pocket or purse, while providing many of the same features of its larger iPad counterparts. It's been so popular that Apple continued to sell it for three and a half years without updating it.

That finally changed earlier this week when Apple announced a refreshed version with a faster processor and a better display, plus support for the first-generation Apple Pencil so you can use it like a notebook -- although, weirdly, it does not work with the newest version of the Pencil.

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