With the price of NAND flash memory continuing its steady sequential decline, Apple cut the price of its Solid State Drive (SSD)-equipped MacBook Air by half a grand.

“The Cupertino-based Mac maker is now selling its super slim 13-inch 1.8GHz MacBook Air with a 64GB solid state drive for $2598, down from the $3098 fetching price that was listed as recently as last week,” the report says.

The $500 price cut is achieved by reducing the prices of laptop’s 1.8GHz Intel Core 2 Duo processor by $100, and the 64GB SSD by $400.

The basic Macbook Air configuration is priced at $1,799 and includes an 1.6GHz Core 2 Duo CPU and 80GB hard drive.

Secondly, the company slashed the cost of the Flash memory-based 64GB SSD drive upgrade to $599 from $999. That means customers can now configured a 1.6GHz MacBook Air with an SSD drive for as little as $2398.