<img class="float_right" src="http://static4.businessinsider.com/image/525ab07a69bedd6f637adfb1-1200-924/imac-6.png" border="0" alt="iMac" />Ming-Chi Kuo, an analyst at KGI Securities, believes <a href="http://appleinsider.com/articles/13/10/12/apple-expected-to-offer-more-affordable-budget-imac-next-year">Apple will release a cheaper iMac in 2014</a>, <keyword id="6354427" type="CITY" weightage="60" keywordseo="Apple">Apple</keyword> Insider's Neil Hughes reports.
Apple set its latest <keyword id="29438" type="ORGANIZATION" weightage="60" keywordseo="imac">iMac</keyword> price too high and lowering the cost will help drive shipments abroad, Kuo said in a note released Saturday. The cheapest iMac out now costs $1,299.
In addition, Kuo believes Apple will launch its third iPad mini next year. The second-generation iPad mini hasn't launched yet, but it's expected to be announced on October 22.

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BusinessInsider

ANALYST: Apple Will Launch A Cheaper iMac Next Year

Ming-Chi Kuo, an analyst at KGI Securities, believes Apple will release a cheaper iMac in 2014, Apple Insider's Neil Hughes reports. Apple set its latest iMac price too high and lowering the cost will help drive shipments abroad, Kuo said in a note released Saturday. The cheapest iMac out now costs $1,299. In addition, Kuo believes Apple will launch its third iPad mini next year. The second-generation iPad mini hasn't launched yet, but it's expected to be announced on October 22.

Ming-Chi Kuo, an analyst at KGI Securities, believes Apple will release a cheaper iMac in 2014, Apple Insider's Neil Hughes reports. Apple set its latest iMac price too high and lowering the cost will help drive shipments abroad, Kuo said in a note released Saturday.

ANALYST: Apple Will Launch A Cheaper iMac Next Year

Alyson Shontell

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