Samsung unveiled the Galaxy Tab 3 on Monday as the market's newest mini-tablet.

The newest Galaxy tablet is 7 inches and will be available for WiFi and 3G versions. The WiFi version will be released in the beginning of May, followed by the 3G version in June.

Samsung has not released a price point for the self-described "sleek" tablet. The Galaxy Tab 3 comes in white and is lighter than its immediate predecessor the Tab 2 7.0 but has more memory. It also has a thinner bezel than the Tab 2 and will include Android 4.1 Jelly Bean software.

The price has not been released but expect it to cost somewhere between $159 for a Kindle, the cheapest small tablet on the market, and the iPad mini at $329.

The Galaxy tablet 2 7.0 WiFi is currently selling for $199.00

Samsung is second only to Apple in tablet sales. According to the IDC, Samsung had about 15% of tablet shipments, compared to 45% for Apple.  

But Samsung also tops all Android based tablets in sales.

The news of the release of the new tablet comes after the Electronics Co. announced Friday its first quarter profit jumped to a record high $6.4 billion  as smartphone sales remained strong despite the April launch of an updated version of its flagship Galaxy phone.

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Bryan Llenas currently serves as a New York-based correspondent for Fox News Channel (FNC) and a reporter for Fox News Latino (FNL). Click here for more information on Bryan Llenas. Follow him on Twitter @BryanLlenas.

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