That's a fair comment, but equally applies to all modern technology. There's always going to be something better just around the corner, so you could chuck money away by always upgrading as soon as something new comes out or wait forever for the next best thing.
Well in IMac's case I'm afraid this doesn't apply as it does in general in ot. It is true that technology is always upgrading but I've read many concerning things about this current line of GPU mainly it being just a rebrand of a 2014 line with no major differences and that the 2016/2017 upgrade will have significant differences in power consumption and performance.
Not to mention the possibility of TB 3 ports and USB C.
Also because I can somewhat wait until October before I buy a new one, (and I don't really have the necessary budget right now) I think it would be worth waiting and see if the upgrade is truly worth compared to the old line.
Although I really envy those who have already a 5k Mac on their desks and wish I had one when it came out. But until now I didn't really need it as I had a couple of old macs to do the work and reading about all this concerning things about the underwhelming gpu made me hesitant to just go and buy a computer just because it looks pretty in my eyes.
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This topic comes up often enough we should REALLY have an FAQ thread on it. The answer is actually surprisingly simple and hinges on two essential questions.
1. How fast does your storage need to be? / How much of an impact will a PCIE based SSD have on the speed of your work vs a SATA SSD/Fusion Drive?
2. To what degree do the applications you use/plan to use take advantage of a faster GPU?
If you can get away with SATA SSD speeds (and lets be honest here, unless your working with extremely high end raw video footage, you most likely can), and can afford the extra desk space, then buy the absolute minimum that Apple sells for SSD storage (256GB, don't bother with the fusion drive) and then just add storage externally as necessary via USB 3.0 or Thunderbolt (if you need PCIE speed but still don't want to pay the "Apple tax").
If you do this, you can then spend money where it belongs, on parts of the computer that can't be updated (at least not without voiding the warranty), namely the CPU and GPU. For those, buy as much as you can afford and then some if possible if you plan to keep the machine for a long time. IMO, aside from a bit more desk clutter (which isn't even really that bad if you get nice looking externals), this option is far superior to paying an insane amount of money for a 512GB or 1TB Apple SSD (UNLESS of course you actually NEED 1500+ Mbps). Buying a refurb is smart though as the difference between the 2014 and 2015 models really isn't that large.
That said, as you yourself seem to be aware, the truly smart choice is to just wait for the 2016 models if you can. I know it's hard, but if it's a long term investment, you'll most likely be getting a good deal more bang for your buck, especially in the GPU department where these computers need it the most.
1. Not lightning fast but I'd like it to be faster than the 5200 rpm HDD drive I have on my old 2010 iMac. Yeah, I don't really think I'll notice the PCI/SATA speed difference all that much but I'd prefer my applications and OS to be on a PCI ssd and the media files on a SATA.
2. Don't really know that for sure. My main applications that I use are photoshop, illustrator, indesign, iMovie and occasionally FCP for casual video editing (ex. for YouTube uploads).
Oh and handbrake in rare occasions and of course mail and multiple tab Internet browsing on a daily basis.
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