Yesterday, Apple (AAPL) released yet another iPod model to further their dominance in the portable music player market. The 1GB iPod nano is perfectly priced at $149 and should draw interest from the people that have been holding out for a cheaper iPod with a screen. The price drop for the iPod shuffle to $69 for the 512MB model is really going to put pressure on the competition. No company has come close to the integration and ease of use that the iPod/iTunes combination provides.
The latest company that has succumb to the power of the iPod is Dell (DELL). You’re not seeing things. I mean that Dell. The company quietly exited the music business yesterday. Check out this article from The Motley Fool for more information. Now, let’s hope that this news translates into a higher stock price for Apple.