For a whole everyone thought during WWDC 14 Apple was going to launch a new iMac and to our surprise they didn't. Well in Apple fashion they quietly announced today a new more affordable iMac costing around 1099$ 

The specs for the more affordable iMac are

Specs:

21.5 inch display 

1.4 Ghz intel i5 processor 

8GB of Ram 

500 GB HD

Intel HD 5000 Graphics 

HD FaceTime Camera

Running OSX Mavericks