Apple Soon to Revamp iPod lineAug 30
Apple Inc shares rose more than 5 percent on Wednesday on growing expectations that the company will announce a revamped line of iPods next week. Technology news Web sites have speculated that Apple could launch a new video iPod with a large touch screen similar to the iPhone, and a redesigned iPod nano in time for the end-of-year holiday shopping season.
Others also suggested that Apple may announce a deal for its iTunes online music store to sell albums from the Beatles, the last and biggest digital music hold-out. Apple has also distributed invitations to a September 5 event in San Francisco, but did not say what it would be about.
“The product announcement is likely to include a full line-up of revamped iPods with significantly greater functionality at current price points, including the much-anticipated full-screen video iPod,” Goldman Sachs said in a note, urging investors to buy Apple shares. Goldman said September 5 would bring “the almost certain launch of a new family of iPods” ahead of the holiday season, which accounts for the biggest chunk of sales for that part of Apple’s business.
News source: Reuters