Apple is reportedly finalizing development of a new iMac for release later this year. This updated model is part of a broader plan for roughly eleven new Mac releases over the next two years. The upcoming iMac is expected to feature a newer chip, though the specific processor, M5 or M6, remains unconfirmed. No significant design changes are anticipated, meaning it will likely retain its 24-inch LCD screen. However, Apple is planning a future iMac with an OLED display. This year's refresh marks the first update in two years for the iMac, which currently uses the M4 chip. The computer will continue to be offered in two configurations with different core counts and ports. Apple previously discontinued its Intel-based 27-inch iMac and iMac Pro, leaving only the 24-inch model. Rumors of a larger, Apple silicon-powered iMac Pro have not yet materialized. Recent price increases have raised the starting price of the iMac in the U.S. to $1,499.