Mar 26, 2015 - 05:16 PM EDT — AAPL: 124.24 (+0.86, +0.7%) | NASDAQ: 4863.36 (-13.16, -0.27%)
“Apple may be preparing to release a cheaper model of the iMac in 2014, KGI Securities analyst Ming-Chi Kuo states in a new research note,” Richard Padilla reports for MacRumors. “The analyst believes that sales of recent iMac models have failed to meet expectations and that Apple may look to introduce a lower-cost option in order to bolster sales in critical foreign markets.”
“Currently, the entry-level iMac 21.5 inch iMac starts at $1,299, while the 27-inch iMac starts $1,799,” Padilla reports. “Both models are $100 more expensive than the previous generation iMacs, which debuted in 2011.”
Read more in the full article here.