Apple Computer updated its professional desktop line, the PowerMac, just last week. This week they follow with an update to its consumer line, the iMac. 
The new iMacs include the latest version of the Mac OS, the Mac OS X Tiger that was also released last week. 
The newest machines include a choice of a 1.8GHz G5 or a 2.0GHz G5 processor. A 160GB hard drive is standard on the lower two models and a 250GB drive on the top-end model. All three models will have 512MB of RAM and feature an ATI Radeon graphics chip with 128MB of video memory. The new iMacs start at $1,299USD with a 17-inch LCD, 1.8GHz G5 CPU,  512MB of DDR RAM, and a 160GB Serial ATA hard drive.
Apple also updated its eMac line of computers targeted at the education market. The two new systems both have a 1.42GHz PowerPC G4 and start at $799USD.
From Apple's PR site:
Shares of Apple Computer (AAPL) closed at $37.15 Wednesday, up $0.94.


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Apple updates iMac line