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ThinkSecret is about as reliable a source as you can get for these things, and they're saying that next month Apple is going to introduce a new iMac codenamed "Q88" that will retail for $499 and come without a built-in monitor (something Apple should have done a long time ago, only the high-end PowerMac G5 desktops come without displays). The new ghetto budget Mac is supposed to have a 1.25GHz processor, 256MB of RAM, either a 40GB or 80GB hard drive, and a combo drive. Apple's main motivation for swimming into the shallow end of the pool? To capitalize on iPod owners who own PCs but say they would switch to a Mac if it were less expensive.


Apple planning a sub-$500 iMac?