It’s been two years since we saw an update to Apple’s little desktop computer: the Mac mini. This machine has finally received the kind of specs bump you’d expect after so long. Among other new features, it has new 4th-generation Intel processors and two Thunderbolt 2 ports. The base model carries a 1.4 GHz dual-core Intel Core i5 processor, Intel HD Graphics 5000 graphics processor, a 500GB hard drive, and 4GB of memory. The top-of-the-line model has a 2.8 GHz dual-core processor, Iris graphics processor, 8GB of memory, and a 1TB fusion drive. As an added bonus, as Phil Schiller says it is “the world’s most energy-efficient computer.” While the internals might be new, the design still looks a lot like its small, silver 2012 counterpart, and it seems to occupy the same position as a low-cost, low-profile alternative to the iMac. It’s going to start shipping today starting at just $499!