There was some early speculation that Apple was going to unveil a more affordable iMac computer during WWDC 2014, though the company ultimately did not. Today, however, it finally announced a new cheaper iMac that will set you back $1,099. Apple didn't simply drop the price on an existing model, this is a completely brand new computer with different components that may help cater the iMac system to consumers who found the other models too expensive.

The $1,099 iMac sports  a 21.5-inch display with a 1920 x 1080-pixel resolution, a 1.4GHz dual-core Intel Core i5 processor with Turbo Boost up to 2.7GHz, 8GB of RAM, a 500GB 5400rpm hard drive, Intel HD 5000 graphics, a FaceTime HD camera, two ThunderBolt ports and more. It also ships with an Apple wireless keyboard and Magic Mouse in the box, and is pre-loaded with OS X Mavericks.

The new iMac is a tempting buy at just $1,099, though for $200 more you'll get a more powerful 2.7GHz quad-core Intel Core i5 processor, better graphics and twice the hard drive space. Hit up the source to compare the various models of the iMac family now, and we've included the full specs below.

Apple - 21.5-inch iMac (Mid-2014)
Display Size 21.5-inch, 1920 x 1080 pixel display (102 ppi)
Resolution X 1920
Resolution Y 1080
Display Type LED-backlit display with IPS technology
Operating System OS X Mavericks (at launch)
  • 1.4GHz dual-core Intel Core i5 processor (Turbo Boost up to 2.7GHz) with 3MB shared L3 cache
  • 8GB of 1600MHz LPDDR3 onboard memory
  • 500GB (5400-rpm) hard drive Configurable to 1TB hard drive, 1TB Fusion Drive, or 256GB of flash storage.
  • FaceTime HD camera
  • Stereo speakers
  • Dual microphones
  • Headphone port
Input Output
  • SDXC card slot
  • Four USB 3 ports (compatible with USB 2)
  • Two Thunderbolt ports
  • Mini DisplayPort output with support for DVI, VGA, and dual-link DVI (adapters sold separately)
  • 10/100/1000BASE-T Gigabit Ethernet (RJ-45 connector)
  • Kensington lock slot
  • 802.11ac Wi-Fi wireless networking;2 IEEE 802.11a/b/g/n compatible
Bluetooth Bluetooth 4.0
Height 17.7 inches (44.96 cm)
Width 20.8 inches (52.83 cm)
Depth 6.9 inches (17.53 cm)
Weight 12.5 lbs (5.67 kg)
Colors N/A