This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple Unveils Latest iMac, Starting at $1,099

NEW YORK (TheStreet) -- Apple (AAPL - Get Report) announced it's released a new line of more affordable iMacs, which starts at $1,099, as the company continues to cut prices on its computers, after having done so with its latest MacBook Air update.

The latest iMacs start at prices much lower than the previous entry-level iMac, which started at $1,299. These personal computers are available to be purchased on the Apple Store starting immediately.

In Apple's fiscal second-quarter, it sold 4.1 million Macs, as it generated $5.5 billion in revenue from computer sales during the quarter.

The latest iMac has a 21.5-inch screen which is identical to the size of the level-up iMac. The new iMac features a 1.4 GHz dual-core Intel (INTC) Core i5 processor with Turbo Boost Speeds up to 2.7 GHz, Intel HD 5000 graphics, 8GB of memory and a 500GB hard drive. All iMac models include next generation 802.11ac Wi-Fi, and two Thunderbolt ports and four USB 3.0 ports.

In addition, iLife and iWork come free with every new Mac, following up on a move Apple had made last year to boost sales of the software.

Shares of Apple were slightly higher in pre-market trading, gaining 0.46% to $92.50 following the announcement.

--Written by Kathryn Mykleseth in New York

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $117.29 -0.85%
FB $107.07 2.70%
GOOG $766.64 3.20%
TSLA $237.30 3.10%
YHOO $33.71 -0.30%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,100.62 +20.21 0.97%
NASDAQ 5,152.2110 +43.5450 0.85%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs