Apple announced a new Mac Mini at its big event on Thursday. It features fourth generation Intel Core processors, integrated graphics, which the company says are up to 90% faster, 802.11ac Wi-Fi and Thunderbolt 2.

“People love Mac mini. It’s a great first Mac or addition to your home network, and the new Mac mini is a nice upgrade packed into an incredibly compact design,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “With the latest CPU and graphics, faster Wi-Fi, two Thunderbolt 2 ports, OS X Yosemite, and starting at just $499, the new Mac mini is the best value ever.”

“The new Mac mini delivers new levels of graphics performance, expandability and connectivity,” the company says. “New integrated Intel HD Graphics 5000 and Intel Iris Graphics deliver up to 90 percent faster graphics performance than the previous generation. Mac mini now includes two Thunderbolt 2 ports, each delivering up to 20Gbps of bandwidth to each port, as well as next-generation 802.11ac Wi-Fi that is up to three times faster when connected to an 802.11ac base station. Mac mini is still the world’s most energy efficient desktop, exceeding Energy Star 6.1 requirements by seven times the standard and consuming as few as 6 watts of power at idle.”

It comes with the new Mac OS X Yosemite, which was released for free today. It also comes with iMovie, GarageBand, and iWork.

The machines begin shipping today, and come in three models. Here are the pricing details via Apple:

1.4 GHz dual-core Intel Core i5 with Turbo Boost speeds up to 2.7 GHz, 4GB of memory, Intel HD Graphics 5000 and a 500GB hard drive starting at a suggested retail price of $499 (US); a 2.6 GHz dual-core Intel Core i5 processor with Turbo Boost speeds up to 3.1 GHz, 8GB of memory, Intel Iris Graphics and a 1TB hard drive starting at suggested retail price of $699 (US); and a 2.8 GHz dual-core Intel Core i5 processor with Turbo Boost speeds up to 3.3 GHz, 8GB of memory, Intel Iris Graphics and a 1TB Fusion Drive starting at a suggested retail price of $999 (US).

Apple also unveiled new iPads and a new iMac.

Image via Apple