APPLE HAS LAUNCHED a new, entry-level version of its iMac computer, which will have a lower price and lower specs compared to other models.

Previously, the cheapest version you could purchase was a 21.5-inch iMac at €1,349, but the new 1.4GHz version, which has the same screen size, is available for €1,129 and includes Apple’s suite of productivity apps, iWork, as well as iLife for free.

However, it has a different graphics chip, half the hard-drive space (500GB), and roughly half the processing speed of the €1,349 version. The cost of other iMac computers range from €1,549 to €2,099.

The new addition is currently available through the company’s online store as well as select retailers.

At Apple’s Worldwide Developer Conference (WWDC) earlier this month, the company’s CEO Tim Cook said that the install base for Macs reached 80 million while iMac growth went up 12%.

Apple revealed the latest version of its Mac OS Yosemite. The update allows users to make and receive calls from a person’s iPhone on their computer and a dark mode, which dims the entire interface for better focus when working. Both it and iOS 8 will be released in Autumn.

The company is also said to be working on a smartwatch, a revamped set-top box and an iPhone with a larger screen.

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