Xserve
Xserve is the name of Apple's Macintosh 1U rackmount line of server computers, and was introduced in 2002. It initially featured one or two PowerPC G4 processors, but was later switched over to the new PowerPC G5, and now runs on dual dual-core Xeon CPUs. The Xserve can be used for a variety of applications, including file server and web server. If additional hard disk space is needed, its companion external RAID array Xserve RAID can be connected to it via Fibre Channel.
Xserve G4
Originally, it had one or two PowerPC G4 processors running at 1.0 GHz and supported up to 2 GiB of PC-2100 memory on a 64-bit memory bus.
Initially, two configuration options were available: a single-processor Xserve with 256 MiB of memory at $2999 and a dual-processor Xserve with 512 MiB of memory at $3999. Both shipped with a single 60 GB disk and Mac OS X v10.2 "Jaguar" Server.
Xserve G5
On January 6, 2004 Apple introduced the Xserve G5. The 32-bit PowerPC G4s were replaced with one or two 64-bit PowerPC 970 processors running at 2 GHz. Up to 8 GiB of PC-3200 ECC memory was supported on a 128-bit memory bus.
Three configuration options were available: a single-processor Xserve G5 with 512 MiB of memory at $2999, a dual-processor Xserve G5 with 1 GiB of memory at $3999, and a dual-processor cluster node model (with an unchanged appearance from the G4 cluster node) featuring 512 MiB of memory, no optical drive, a single hard drive bay, and a 10-client version of "Panther" Server at $2999.

Picture of Apple Xserve G5.
Xserve Intel
The Intel-based Xserves were announced at the Worldwide Developers Conference on August 7, 2006. They use Intel Xeon ('Woodcrest') processors at 2 GHz, 2.66 GHz, or 3 GHz, FB-DIMM DDR2, ATI Radeon X1300 graphics, a maximum storage capacity of 2.25 TB, redundant power supplies, and a 1U rack form factor.

Picture of Intel-based Xserve from apple.com
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