Apr 29, 2016 - 05:15 PM UTC — AAPL: 93.74 (-1.09, -1.15%) | NASDAQ: 4775.36 (-29.93, -0.62%)
“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.