Apple this week began selling refurbished Mac mini models with the M4 chip for the first time, but this has led to a pricing conundrum.

In the United States, Apple is offering a refurbished Mac mini with the base M4 chip, 256GB of storage, 16GB of RAM, and Gigabit Ethernet for $509, down from $599 new. This is the standard 15% discount that Apple offers on refurbished Macs.

The issue is that Apple continues to offer a refurbished Mac mini with the base M2 chip, 256GB of storage, 16GB of RAM, and Gigabit Ethernet for $559. This means a refurbished Mac mini with an M2 chip is currently $50 more expensive than a refurbished Mac mini with an M4 chip, despite other key specs being equal. That’s a bad buy.

The underlying reason for this situation is that Apple increased the minimum amount of RAM included in Macs from 8GB to 16GB last year, at no additional cost. When new, the Mac mini with the M2 chip started at $799 when upgraded to 16GB of RAM, whereas the latest Mac mini now comes with 16GB of RAM by default for just $599. Apple has not revised its refurbished Mac mini prices enough to account for this difference.

This article, “Apple’s Refurbished Mac Mini Pricing Has a Problem” first appeared on MacRumors.com

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