When Apple takes the stage during next week's event, the company will allegedly announce a minimum $329 price point for the base iPad mini model. According to sources speaking with 9to5Mac, the entry price is being aligned to fall in between Apple's latest iPod touch and the 16GB Wi-Fi-only iPad 2.

Not a particularly digestible price in comparison to the two hottest 7-inch tablets on the market, the Nexus 7 and Kindle Fire HD, but Apple has a reputation for commanding premium prices. Will $329 attract folks away from the company's competition? It'll be a tough battle, but Apple certainly has the retail presence to fight it.

Higher Wi-Fi-only capacities will also be offered, with the usual $100 hike to account for the extra storage, while 9to5Mac says that cellular versions are planned as well.

Price has been the biggest point of contention ever since rumors of Apple's iPad mini began swirling. $329 put it over the entry level iPod touch, while remaining significantly cheaper than its big brother, which starts off at $500. Come Oct. 23, we'll see just how accurate these sources really are.

[via 9to5Mac]