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Old 01-02-2001, 06:57 PM   #1
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From Wired.com

Apple Computer dramatically cut prices Tuesday to dispose of a glut of unsold machines. The discounts on higher end systems are up to $1,000, according to Apple's (AAPL) website.

Direct seller MacConnection said the G4 Cube, which has failed to meet demand hopes, had dropped to $1,499 from $1,799 for the 450 MHz version, the top Powerbook notebook computer had been cut by $800 to $2,199, compared to a previous $200 rebate, and a G4 500 MHz server had dropped to $3,099 from $4,199.

Prices of low end iMacs were not cut, however.

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