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Apple Releases Educational Institution iMac For $999

August 8, 2011

Apple launched a cheaper iMac geared towards education institutions for $999 on Monday.

The new iMac comes with a 3.1 GHz dual-core Intel Core i3 processor and a 250GB hard drive.  Apple’s new machine is running the AMD Radeon HD 6750M graphics card.

The iMac is designed for education institutions only, so individuals will not be able to purchase the computer at the discounted rate.

The new computer also features Apple’s FaceTime HD camera for video conferencing.

However, the new iMac lacks a Thunderbolt port, Apple’s new data port that is twice as fast as a USB 3.0 port.

9to5Mac reported Sunday that Apple would launch a new iMac as early as next Tuesday for less than $1,000.

Apple offers two 21.5-inch models, boasting quad-core processors and 4GB of memory.

The cheaper model has a 500GB hard drive and retails for $1,199.  The more powerful options come with a 1TB hard drive and sells for $1,499.

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