Apple took down the Apple Store for 6 hours last night and introduced an entry level iMac for $1099. What do you ‘get’ for $1099? Apple halved the hard drive to a paltry 500GB and speed of the processor to 1.4GHz. That’s a little uninspiring to say the least.

Not to worry, we’ve got a better entry level offer for you. MacMall will sell you a new 2.7GHz iMac from last year with a 1TB hard drive for $1069. A $70 mail in rebate brings it below $1000 with Tax in only a few states. Even without the rebate, it is a better offer: it also has much better graphics, the same Thunderbolt ports, wireless keyboard and mouse and is freely upgradable to the latest Mavericks/Yosemite OS. One downside is the wireless which is 802.11N instead of 802.11AC in the newer one.

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Apple also looks to have dropped the prices on its refurbished Airport Time Capsules. $149 now buys you a 2TB Model which is pretty much a no brainer if the size and age aren’t a problem for you. Apple offers the same 1 year warranty on its refurbished items that it does on its new products so buy with some confidence.

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