IPad mini pre-orders quickly sell out
Just days after introducing the new iPad mini, it is sold out in both the white and black versions on the Apple site, according to reports.

Apple began accepting pre-orders for the brand-new 7.9-inch iPad on its Web site on Oct. 26. According to published reports, the white model of tablet sold out that day, with the black version selling out over the weekend.

Initial pre-orders will ship on Nov. 2, when the iPad mini hits retail shelves. Any new orders placed now will ship about two weeks later.

Prices for the iPad mini start at $329 for a 16GB Wi-Fi version and goes up to $659.

Google broadens product portfolio with new smartphone, tablets
After cancelling yesterday?s new product introduction event because of Hurricane Sandy, Google unveiled several new Nexus devices on its blog instead.

Each of the new devices runs Android 4.2, the latest version of Jelly Bean.

The Nexus 4 smartphone was developed with LG features a quad-processor to make it fast, a 4.7 inch display and wireless charging. The phone also features a new photo-sharing service called Photo Sphere that enables users to create 360-degree immersive experiences that can be shared on Google +.

New Nexus 7 tablets include a 16GB version for $199 and a 32GB version for $249. To make the tablet more mobile, Google also unveiled a 32GB version with HSPA+ mobile for $299, which can operate on more than 200 GSM providers worldwide, including AT&T.

The new Nexus 10, created in partnership with Samsung, has a 10.55 inch display, a battery that provides nine hours of video playback and the ability to add multiple users and switch between them easily.

Google has also updated Google Now with more cards so that users can easily access flight information, restaurant reservations, hotel confirmations and shipping details without having to wade through their email. Additionally, the company highlighted new partnerships with Time and Warner Music Group to bring more content to Google Play.

eBay cuts 325 PayPal positions
Despite PayPal?s mobile transaction volume continues to grow, the company itself is getting smaller, with  eBay yesterday announcing plans to eliminate 325 jobs at the alternative payments division and end contracts with approximately 120 contracts.

The cutbacks are the result of a reorganization spearheaded by PayPal?s new head David Marcus, who is consolidating nine product groups into a single organization with an eye toward speeding up product development.

PayPal is seeing strong growth from mobile and expects to do over $10 billion in mobile payments volume this year as more consumers use PayPal mobile to pay and more retailers offer PayPal solutions.