Been wanting a new iMac, but didn’t want to shell out the money? Apple has a new option for you. A new 21.5 inch iMac is selling for $1,099, down from the previous cheapest model of $1,299.

So, what do you lose for the $200 price cut? The new iMac is a slower than other models with a 1.4 GHz dual-core i5 processor compared to a 2.7 Ghz in the other models. Other specs in the new iMac include 8GB of memory, a 500 GB hard drive and Intel HD 5000 graphics. The other two models sport 1 TB hard drive in their default set ups.

Apple isn’t really known for price friendly tech. Buying Apple means paying more. But, Apple has made moves over the past year to make its products a bit easier for some people to buy. The MacBook Air recently saw a $100 price cut and Apple’s last slate of phones featured the iPhone 5C which was $100 cheaper than the 5S.

Today’s price cut comes as Apple gears up for a new version of Mac OS X called Yosemite. The newest update to the operating system promises to further link Mac and iOS devices together. Yosemite will hit the Mac App Store later this fall and will be free.

Interested in the newest iMac? Head on over to Apple’s online store to learn more.


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