A bushel of new Apple products, a new look for Facebook, and a load of cash for Instagram | This Week in Social Media

Apple announces new iPad mini and more

Apple recently announced several new products, including updated iMacs, a 13-inch retina display MacBook Pro, the iPad mini, and a new version of the iPad. The iPad mini appears to be in direct response to Google’s Nexus 7 tablet, and the new fourth-generation iPad appears to be a preemptive strike against Microsoft’s Windows 8 Surface tablet. As Apple continues to release updates and new products they continue to put pressure on competitors to innovate or replicate as quickly as possible. Wired

Facebook opens up about the cost of Instagram

Facebook’s deal to buy Instagram is finally complete, and details of price paid for the hip photo-sharing and -editing service have been revealed. Facebook paid $715 million for Instagram: $300 million in cash and $415 million in Facebook stock. And while the price of Facebook stock remains down, Instagram employees should still see a hefty payday in options. Fast Company

Facebook introduces a new inbox and more updates

Facebook continues to update its design, this time introducing redesigned messaging with a two-panel layout, improved photo uploads and keyboard shortcuts. These changes not only improve usability, but also lend clarity to a messaging service that has in the past been confusing depending on which device users were accessing the service from. While most Facebook updates seem to make the service more complex, this iteration is a step toward making the user experience a bit easier. Inside Facebook