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Apple slashes prices to offload stock

Apple has slashed prices of its G4 and G3 product range by up to $1,000 in a bid to offset lower than expected first quarter results.
Written by Lisa Burroughes, Contributor

Apple has slashed prices of its G4 and G3 product range by up to $1,000 in a bid to offset lower than expected first quarter results.

The company's website advertises the price cuts as a "new year's resolution" but analysts claim the company has a surplus of stock, which it needs to clear before its next range of computers is unveiled later this year. Power Mac G4 desktops, PowerBook G3 laptops and the Power Mac G4 Cube have all been affected. Specifically, Apple's dual-processor 500MHz Power Mac G4 desktop is now selling for $2,499 - around $1,000 less than on 31 December. Apple's 450MHz Power Mac G4 Cube is now priced at $1,499, down from $1,799, while the 400MHz PowerBook is now at $1,999, down from last week's $2,499.
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