The iMac was continually updated after its initial release. It sold for US$1,299, and shipped with Mac OS 8.1, which was soon upgraded to Mac OS 8.5. The original iMac used a PowerPC G3 (PowerPC 750) processor, which also ran in Apple's high-end Power Macintosh line at the time, though at higher speeds. One change from CHRP for example was to boot classic Mac OS using a 4MB Mac OS ROM file stored on disk. Although the promise of CHRP has never been fully realized, the work that Apple had done on CHRP significantly helped in the designing of the iMac. Internally, the iMac was a combination of the MacNC project and Common Hardware Reference Platform (CHRP). The company announced the iMac on and began shipping the iMac G3 on August 15, 1998. Having discontinued the consumer-targeted Performa series, Apple needed a replacement for the Performa's price point. Toward the end of the year, Apple trimmed its line of desktop Macs down from ten distinct models to four models of the Power Macintosh G3, which included the iMac's immediate predecessor, an educational market exclusive called the Power Macintosh G3 All-In-One. Steve Jobs reduced the company's large product lines immediately upon becoming Apple's interim CEO in 1997.
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