Los Angeles - Apple's newest entry-level 21.5 inch iMac costs 1,099 dollars the California-based company announced Wednesday.
The new model is about 200 dollars cheaper than the previous one.
The computer features a 1.4 GHz dual-core Intel Core i5 processor which is about half the speed of the more expensive model.
The more affordable model has 8GB of memory and a 500GB hard drive according to a press release. The previous still available better configured version has about twice as much hard drive space.
The less expensive iMac is available on Apple's website.