Wednesday, September 5, 2007

Apple unveils new iPod with Wi-Fi

By Jon Fortt, Business 2.0

SAN FRANCISCO (Business 2.0) -- Apple announced Wednesday the first major overhaul of its popular iPod music digital players in nearly two years.

On top of iPods with more storage and bigger screens, Apple rolled out the iPod Touch, a slim, WiFi-enabled device that's similar to its new touchscreen mobile phone, the iPhone.

The company also announced a new version of its iTunes music store that will allow users to buy songs wirelessly. iTunes will also sell customizable 99-cent ringtones for the iPhone.

CEO Steve Jobs unveiled the new features at an invitation-only press conference held in San Francisco.

To date, Apple has sold more than 100 million iPods, but sales have been drifting since last year's holiday shopping season and profit margins are shrinking.


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