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SAN FRANCISCO (Business 2.0) -- Apple announced Wednesday the first major overhaul of its popular iPod music digital players in nearly two years.</p>
On top of iPods with more storage and bigger screens, Apple (down $2.62 to $141.54, Charts, Fortune 500) rolled out the iPod Touch, a slim, WiFi-enabled device that's similar to the company's new touchscreen mobile phone, the iPhone. </p><div style="max-width: 220px; margin-bottom: 10px; clear: right; float: right; margin-left: 10px"><div class="IErow" style="width: 220px"> <table border="0" cellspacing="0" cellpadding="0" width="220"><tbody><tr><td align="center">
</td></tr><tr><td align="left" valign="top"><span class="captionname">Apple CEO Steve Jobs speaking Wednesday in San Francisco, where he announced a major revamp of its iPod music players.</span></td></tr></tbody></table></div><div id="quigo220"><div id="ad-401110" align="center" style="border: 0pt none ; margin: 0pt; padding: 0pt"> cnnad_createAd("401110","http://ads.cnn.com/html.ng/site=cnn...logy&cnn_money_section=quigo¶ms.styles=fs","200","220"); </div></div></div>
Apple 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.</p>
CEO Steve Jobs unveiled the new features and a new partnership with Starbucks (down $0.24 to $27.48, Charts, Fortune 500) at an invitation-only press conference held in San Francisco.</p>
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. </p><div class="inStoryHeading"> Live blogging the event </div>
Jobs also announced a new version of the classic iPod. With a full metal design and thinner than its predecessor, a new $249 model comes with 80 gigabytes of storage and 30 hours of audio. A slightly thicker model will have 160 gigabytes of storage and retail for $349.</p>
"This boggles the mind," Jobs said. He pointed out that the original iPod could hold up to 1,000 songs. Today, an iPod can store 40,000 songs. </p>
The new Nano, meanwhile, will have video and a larger, brighter screen with an interface similar to the iPhone. Apple will also bundle three games into the new Nano, including Sudoku from Electronic Arts.</p>
The new Nano will feature two memory sizes: A 4-gigabyte model for $149 and an 8-gigabyte model for $199. It will be sold in black, red, silver, blue and green. </p>
Jobs said the new Nanos should be in stores by this weekend.</p>
As for the iPod Touch, it will come installed with the Safari Internet browser and, like the iPhone, play YouTube videos.</p>
Wednesday's announcements come more than two months after Apple took on mobile phone giants Nokia (Charts) and Motorola (Charts, Fortune 500) with the iPhone, a touchscreen-only device that retails for $499 or $599, depending on the amount of memory.</p>
Apple has said it expects to have sold one million iPhones by the end of September. Research firm iSuppli reported Tuesday that the iPhone outsold all other smartphones in July.</p>
</p>
</p>
___________________________</p>
Awesome!</p>
-Petey </p>
On top of iPods with more storage and bigger screens, Apple (down $2.62 to $141.54, Charts, Fortune 500) rolled out the iPod Touch, a slim, WiFi-enabled device that's similar to the company's new touchscreen mobile phone, the iPhone. </p><div style="max-width: 220px; margin-bottom: 10px; clear: right; float: right; margin-left: 10px"><div class="IErow" style="width: 220px"> <table border="0" cellspacing="0" cellpadding="0" width="220"><tbody><tr><td align="center">
Apple 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.</p>
CEO Steve Jobs unveiled the new features and a new partnership with Starbucks (down $0.24 to $27.48, Charts, Fortune 500) at an invitation-only press conference held in San Francisco.</p>
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. </p><div class="inStoryHeading"> Live blogging the event </div>
Jobs also announced a new version of the classic iPod. With a full metal design and thinner than its predecessor, a new $249 model comes with 80 gigabytes of storage and 30 hours of audio. A slightly thicker model will have 160 gigabytes of storage and retail for $349.</p>
"This boggles the mind," Jobs said. He pointed out that the original iPod could hold up to 1,000 songs. Today, an iPod can store 40,000 songs. </p>
The new Nano, meanwhile, will have video and a larger, brighter screen with an interface similar to the iPhone. Apple will also bundle three games into the new Nano, including Sudoku from Electronic Arts.</p>
The new Nano will feature two memory sizes: A 4-gigabyte model for $149 and an 8-gigabyte model for $199. It will be sold in black, red, silver, blue and green. </p>
Jobs said the new Nanos should be in stores by this weekend.</p>
As for the iPod Touch, it will come installed with the Safari Internet browser and, like the iPhone, play YouTube videos.</p>
Wednesday's announcements come more than two months after Apple took on mobile phone giants Nokia (Charts) and Motorola (Charts, Fortune 500) with the iPhone, a touchscreen-only device that retails for $499 or $599, depending on the amount of memory.</p>
Apple has said it expects to have sold one million iPhones by the end of September. Research firm iSuppli reported Tuesday that the iPhone outsold all other smartphones in July.</p>
</p>
</p>
___________________________</p>
Awesome!</p>
-Petey </p>