Apple To Release A Sub-$1,000 iMac For Big Volume Buyers

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Apple is about to release an iMac that sells for less than $1,000 a pop, for educational institutions or those buying Macs in bulk.

Mark Gurman of 9to5Mac writes that the new iMac will have a previous generation 3.1 GHz dual-core processor, 2 GB of RAM, and 250 GB of hard disk space with a 21.5-inch monitor.

This new Mac won’t have as much computing power as the current line, but will be a solid mid-range machine for running simple applications.

Apple’s last iMac with an “education configuration,”  was a 17 inch machine which went for $899.

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