Apple Inc. said its latest model iMac computer will be available starting Friday, Nov. 30.

The new iMac with a 21.5-inch screen and a storage option known as Fusion Drive will be sold through the company's website and retail outlets, Apple said Tuesday in a statement. Price is expected to be about $1,299 to $1,499.

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A 27-inch model will start shipping in December. Expected price is $1,799 to $1,999.

Apple says the new iMac is the most advanced desktop it has ever made. Features include a display with reduced reflection, faster processors and an innovative the Fusion Drive storage option, which combines 128GB of flash with a standard hard drive to create a single storage volume that intelligently manages files to optimize read and write performance.

The new iMac packs high performance technology into an aluminum and glass enclosure that measures just 5 mm at its edge and features a re-engineered display that reduces reflection by 75 percent.

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.

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Reports from Bloomberg News and The Associated Press were used in this story.