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iMac27_iMac21_Photos_PRINTUsers looking to get their hands on a new iMac now have a cheaper option. Apple today launched a new 21.5 inch iMac for entry-level consumers.

Cost: $1099.

The new desktop sports a 1.4 GHz Intel Core i5 processor, Intel HD 5000 graphics, 8 GB of memory and a 500 GB spinning hard disk. The specs are nothing to write home about, especially compared to the iMac’s more powerful older brethren, but consumers who are interested in a basic, entry-level computer with a display built in.

Users who want more storage can choose to upgrade to a 1 TB spinning disk drive, a 1 TB Fusion Drive (which combines a hard drive and SSD in one) or a 256 GB SSD.

Apple’s new hardware coincides with the start of back to school shopping season. Loads of first-year college students are out looking for a computer that they can take to school, and the iMac presents an interesting option for people who want a cheap desktop.

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