The higher-end iMac 4K with a 3.4GHz processor comes standard with a 1TB Fusion Drive, but can be configured with a 256GB, 512GB, or 1TB SSD. The base iMac 4K, which retails for $1,299, is equipped with a 1TB (5400 rpm) hard drive and is configurable with a 1TB Fusion Drive or an SSD with 256GB or 512GB of storage space. The 21.5-inch iMac 4K also comes standard with 8GB of 2400MHz DDR4 onboard memory and can be configured with 16GB or 32GB of RAM, depending on the configuration chosen. Processor speeds start at 3.0GHz via a quad-core Intel Core i5 chip and can be configured up to 3.6GHz via an Intel Core i7 CPU (with Turbo Boost speeds of up to 4.2GHz). Featuring a 21.5-inch Retina 4K display with 4096x2304 resolution, Apple's latest iMac 4K was announced on Jat the company's WWDC conference.