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That's not a bad deal that. I just inherited one of the same spec and I was planning on bouncing that for £1150 second hand (!)
 
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This is hell of a deal; £999 for an M1 iMac with 1TB SSD and 16GB RAM

That is a great deal -- and not on a base model for a change. I have that exact same spec machine and it's a really solid performer. I use it all day long for graphic design and it does great.
 
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Costco must be close to Apple because that is not a retail spec base model - it's the kind of custom spec model that Apple would only allow certain resellers to sell, and they are being sold off cheaply as Apple have technically discontinued the M1 iMac now. They still do the base M1 Max Mac Studio for £1299 (£300 off their usual price) from time to time which I also think is a cracking deal.

I guess it allows Apple to make money from hardware in a price range below that of the latest hardware. If you can live with a year or two less of support overall then these are very decent deals.
 
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