Apple releases cheaper version of 5K Retina iMac along with 2 new 15-inch MacBook Pros

In a bid to lower the price of its 5K Retina iMac, Apple has released a new and cheaper version and brought the cost of its high-end model down to $2,299 from $2,499.

The cheaper version of the iMac, which is priced at $1,999, is largely the same as the more expensive model, but cuts down on a few features. It lacks Apple's hybrid Fusion drives, and instead uses a standard 1TB drive, reports The Verge.

The model will also replace Apple's top-of-the-line non-Retina iMac.

Alongside the iMac, Apple also released new models of the 15-inch MacBook Pro that includes a Force Touch trackpad and boasts of additional hour of battery life, faster storage, and up to 80% faster graphics. The two configurations being offered by Apple right now, have however, brought up the price of the MacBook Pros, with the two models priced at $1,999 and $2,499 each, up from $1,899 and $2,399, respectively.