At Apple's online store today save big on refurbished iMacs and iPads. At the low end of the iMac pricing scale is the 21.5-inch iMac with a 3.06GHz Intel Core i3 processor, 4GB of RAM and a 500GB hard drive for $929 after a $170 price cut. Or for $1419, after a $280 price break, is the refurb. 27-inch iMac with a 2.7GHz Intel quad-core i5 processor, 4GB of RAM and a 1TB hard drive.