This week the 27-inch iMac hit the refurb. shelf at Apple's online store. The 3.06Ghz model with 4GB of RAM and a 1TB hard drive has been reduced from $1699 to $1449, a price drop of $250. The previous-generation 24-inch iMac with the same configuration is also available for $100 less, $1349, after a massive $850 price cut. A 21.4-inch iMac is also featured with the same configuration as well for $1299.
