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Apple release “affordable” iMac for $1350 with pared down power.New 21″ iMac all-in-one desktop starts at A$1,349 – several hundred dollars less than previous models. 

Apple says its new entry level 21.5″ iMac, announced yesterday, is “even more affordable.”
The chip inside the new iMac has been downgraded to 1.4 GHz dual-core Intel Core i5 processor instead of a quad-core and also halved the memory to a 500GB hard drive. The CPU has Turbo Boost Speeds up to 2.7 GHz. 
The iMac also features Intel HD 5000 graphics, 8GB of memory, 802.11ac Wi-Fi, 2 X Thunderbolt ports and four USB 3.0 ports.
It also has iLife and iWork apps and runs OS X. The final version of Apple’s recently announced OS X Yosemite will be available later this year. 
Configure-to-order options include a 1TB hard drive, a 1TB Fusion Drive, and up to 256GB flash storage.
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