Apple Computer Inc. on Tuesday cut prices on its high-end Power Mac line of desktop computers and on its flat-panel display monitors amid slumping demand for personal computers.

Apple cut the price of the 1 gigahertz Power Mac G4, which runs at a speed of 1 billion cycles per second, to $1,499 from $1,699. That's the lowest price point it has offered in the Power Mac line since the late 1990s, said Tom Boger, director of Power Mac product marketing.

Read more: Washington Post.