iMac = Three Pizzas Per Month

Apple has announced an aggressive financing program to attract even more iMac buyers for the Christmas splurging season. Even at $1,299, the iMac can sound expensive, but under Apple’s new plan, you could instead pay $30 per month (plus a 14.89 percent annual percentage rate). Interim CEO Steve Jobs noted, “For the price of three pizzas a month, you can own an iMac.” Admittedly, that assumes you’ll eat three pizzas each month for 67 months, and the total cost of an iMac financed in this way would be over $2,000 (or over 200 pizzas). In addition, Apple announced that the iMac will now come with Mac OS 8.5, the ATI Rage Pro Turbo graphics controller, 6 MB of video RAM, and Adobe PageMill 3.0.