Apple unveiled today a new lower-cost 21.5-inch iMac starting at $1.099. Previously the entry level iMac started at $1,299. The new entry-level iMac comes with a 1.4GHz dual-core Intel i5 processor with Turbo Boost Speeds up to 2.7 GHz, a 500GB hard drive, 8GB of memory, and an Intel HD 5000 Graphics chip. It also has 802.11ac Wi-Fi, two Thunderbolt ports and four USB 3.0 ports. Customers can also choose to include a 1TB hard drive, a 1TB Fusion Drive, or 256GB of flash storage on build to order options.
