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Apple launches cheaper Mac

Los Angeles - Apple's newest entry-level 54.6cm iMac costs $1 099 the California-based company announced on Wednesday.

The new model is about $200 cheaper than the previous one.

The computer features a 1.4 GHz dual-core Intel Core i5 processor which is about half the speed of the more expensive model.

The more affordable model has 8GB of memory and a 500GB hard drive according to a press release.

The previous model is still available in a better configured version and has about twice as much hard drive space.

The less expensive iMac is available on Apple's website.
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