Apple today has updated their existing iMac lineup by disposing Core 2 Duo altogether and bringing Intel’s Core i3, i5 and i7, along with faster graphics card options. available in both 21.5 and 27 inches, the prices of both the entry level base model, and the flagship model remains same as the older ones, except that these new ones have much more power then ever before.

Full details are as follows.

Apple Updates iMac Line

Introduces new Multi-Touch Magic Trackpad

CUPERTINO, California—July 27, 2010—Apple® today updated its all-in-one iMac® line, widely praised as the world’s best desktop computers, with the most recent Intel Core i3, Core i5 and Core i7 processors and powerful new graphics. starting at $1,199, the new iMac line is the fastest ever with dual-core processor speeds up to 3.6 GHz, quad-core speeds up to 2.93 GHz and discrete graphics including the powerful ATI Radeon HD 5750. The new Magic Trackpad, with a smooth glass and aluminum design, gives iMac users the same intuitive Multi-Touch™ gestures that Mac® notebook customers have come to love and is available separately for $69.

“We took the world’s best all-in-one and made it even better,” said Philip Schiller, Apple’s senior vice president of worldwide product Marketing. “With the most recent processors, high-performance graphics and signature aluminum and glass design, customers are going to love the most recent iMac.”

Dual-core Intel Core i3 and Core i5, and quad-core Core i5 and Core i7 processors set a new benchmark for iMac performance. The processors feature an integrated memory controller to access the system memory directly, allowing the new iMac to take full advantage of its faster 1333 MHz memory. new discrete ATI Radeon HD processors deliver extremely smooth, crisp graphics for the most demanding 3D games, creative software and technical applications. iMac displays feature IPS technology to deliver a fantastic image across a broad 178 degree seeing angle. The SD card slot on the iMac now supports the SDXC format to deal with the most recent high-capacity storage cards. customers of the 27-inch iMac have the option to purchase a 256GB solid state drive (SSD) as a primary or secondary drive. The iMac SSD supports up to 215 MB/s data transfer rates for faster startup and application launch times.

Every iMac comes with Apple’s innovative Magic mouse and customers can also purchase the new Magic Trackpad as an option. The Magic Trackpad brings the intuitive Multi-Touch gestures of Mac notebook trackpads to the desktop. With its glass surface, the wireless Magic Trackpad enables users to scroll smoothly up and down a page with inertial scrolling, pinch to zoom in and out, rotate an image with their fingertips and swipe three fingers to flip through a collection of web pages or photos. The Magic Trackpad can be configured to support single button or two button commands and supports tap-to-click as well as a physical click.

Continuing Apple’s commitment to the environment, Apple’s desktop lineup is a leader in green design. The iMac meets stringent energy star 5.0 requirements and achieves EPEAT Gold status.* iMac features LED-backlit displays that are mercury-free and made with arsenic-free glass. iMac uses PVC-free components and cables, includes no brominated flame retardants, uses highly recyclable materials and features material-efficient system and packaging designs. A new Apple Battery charger offers a convenient and environmentally friendly way to always have a fresh set of batteries for your Magic Trackpad, Magic mouse and Wireless Keyboard. The Apple Battery charger is available for $29 and comes with six long shelf life rechargeable batteries.

Every Mac also comes with Mac OS® X Snow Leopard®, the world’s many advanced operating system, and iLife®, Apple’s innovative suite of applications for managing photos, making films and creating and learning to play music. Snow Leopard builds on a decade of OS X development and success with hundreds of refinements, core technologies and out of the box support for Microsoft Exchange. iLife features iPhoto®, with breakthrough ways to organize and manage your photos by who appears in them and where they were taken; iMovie® with powerful easy-to-use features such as precision Editor, video stabilization and advanced drag and drop; and GarageBand® which provides a whole new way to help you learn to play piano and guitar.

Pricing & Availability The new iMac line is shipping now and available through the Apple Store® (www.apple.com), Apple’s retail stores and Apple Authorized Resellers.

The new 21.5-inch 3.06 GHz Intel Core i3 iMac, for a suggested retail price of $1,199 (US), includes:

21.5-inch 1920 x 1080 LED-backlit display;

3.06 GHz Intel Core i3 processor with 4MB shared L3 cache;

4GB 1333 MHz DDR3 SDRAM expandable to 16GB;

ATI Radeon HD 4670 discrete graphics with 256MB GDDR3 Snull