Apple has announced that the new 21.5-inch iMac will available by the end of the month and the 27-inch big brother will join shortly in December, hopefully just in time for Christmas.

Apple announced in a press conference that the 21.5-inch version of the iMac will be available from Friday, Nov. 30, from Apple Online Store, Apple's retail store and select Apple Authorized Resellers.

"Redesigned from the inside out, the new iMac packs high performance technology into an aluminum and glass enclosure that measures just 5 mm thin at its edge and features a reengineered display that reduces reflection by 75 percent," per Apple's press release.

Apple further added "The new iMac includes 8GB of 1600 MHz memory, a 1TB hard drive, third generation quad-core Intel Core i5 processors that can be upgraded to Core i7, and the latest NVIDIA GeForce graphics processors that deliver up to 60 percent faster performance."

Apple is also including the new Fusion Drive in the latest iMacs, an innovative storage option that enables the performance of flash and the capacity of a hard drive by combining 128GB of flash with a standard hard drive. The result of the combination creates a single storage volume that smartly manages files to optimize read and write performance of the computer.

The 21.5-inch version of the iMac will include a 2.7 GHz quad-core Intel Core i5 processor with Turbo Boost, which speeds up to 3.2 GHz. The computer will also have NVIDIA GeForce GT 640M. Apple confirmed that the suggested retail price for the 2.7 GHz version will be $1299. The 21.5-inch version will also be available with a 2.9 GHz quad-core Intel Core i5 processor with Turbo Boost speeds of up to 3.6 GHz. This version will also have NVIDIA GeForce GT 650M and will have a price tag of $1499.

The 27-inch iMac will be available with a 2.9 GHz quad-core Intel Core i5 processor with Turbo Boost, which speeds the device to up to 3.6 GHz, and will have NVIDIA GeForce GTX 660M which will have a suggested retail price of $1799. A 3.2 GHz quad-core Intel Core i5 processor version will also be available with Turbo Boost speeds of up to 3.6 GHz and NVIDIA GeForce GTX 675MX. The version will have a suggested price tag of $1999.

Along with the OS X the iMacs will also have iLife, iWork, and more. The latest iMacs may attract customers looking for a sleek personal computer with good hardware specifications. We will have to wait and see if Apple can entice more PC customers to its latest iMacs.