Today, at Apple’s big media event, “mini” is the word. But before we get to the expected iPad Mini, Phil Schiller took to the stage to unveil the all new Mac mini.

The Mac mini presentation didn’t last very long, as Schiller seemed anxious to get to the next product, the all new iMacs. But he did take time to announce two new models, both of which are available to ship today.

The most inexpensive model is priced at $599 and includes a 2.5Ghz dual-core i5 processor with 4Gb of Ram and a 500Gb hard drive. The other model runs $999, and it ships with a 2.3Ghz quad-core processor and dual 1TB hard drives. Schiller styled it as the “server” model, as that software comes pre-loaded on the device.

This is the first update to the Mac mini since mid-2011.

For more coverage of today’s Apple event, check here.