iTunes Is High

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Steve Jobs is back, but iTunes is high.

Last week, I offered three big ideas for what we might expect at Apple's (Nasdaq: AAPL  ) "Let's Rock" event in San Francisco today. I appear to have been right about just two:

  1. Steve Jobs is in good health and excellent spirits.
  2. The iPod line is seeing lower prices and a refresh.

More on these developments in a minute. First, the big news: iTunes 8. Web rumors of high-definition content coming to the service were entirely true. TV episodes from Disney's (NYSE: DIS  ) ABC, CBS, and News Corp's (NYSE: NWS  ) Fox will be available in HD form for your Mac or Apple TV, selling for $2.99 each.

Oh, and one more thing. Apple has won back the right to broadcast content from General Electric's (NYSE: GE  ) NBC studios. And just like that, Amazon (Nasdaq: AMZN  ) can kiss its Video on Demand advantage goodbye.

Don't get me wrong; I'm not saying Video on Demand is inferior. What I am saying is that, by being first to HD -- and via a feature called Genius, which automatically suggests playlists in a style reminiscent of music-discovery site Pandora -- the new iTunes is likely to be at least as compelling as Amazon's offering.

That's excellent news for Apple shareholders; Jobs said there are 65 million iTunes user accounts. He also cited NPD Group stats that say the iEmpire controls 73.4% of the music player market versus 15.4% for "other," 8.6% for SanDisk (Nasdaq: SNDK  ) , and 2.4% for Microsoft (Nasdaq: MSFT  ) and its refreshed Zune line-up.

And in other news ...
Which brings us to the iPod. Apple has indeed refreshed its harmonious iGeekery, beginning with the classic edition of the device. A new model will provide 120 gigabytes of storage (more than the MacBook Pro I'm using to write this article) and will sell for $299.

Apple also has new versions of the iPod nano and the iPod Touch. The nano gets thinner, adds the cover flow interface found on the iPhone, and adds a feature called shake-to-shuffle, reminiscent of a SanDisk product called the Sansa Shaker, reports.

Then there is the iPod Touch, which, as expected, will sell for less: $229 for an eight-gigabyte version, $299 for 16 gigs, and $399 for 32 gigs. The Touch also gets a new operating system, version 2.1, which will be available on Friday. The same OS will be provided to iPhone owners and, according to Jobs, will address the smartphone's more recent and well-documented problems.

Finally, let's talk about Jobs's health. He did, beginning today's presentation with a slide that read, "Reports of my death are greatly exaggerated."

Funny, eh? You might say the same thing about iTunes.

Get your clicks with related Foolishness:

Fool contributor Tim Beyers needs to send a big thank you to CNET's Tom Krazit for liveblogging the "Let's Rock" event. Thanks, Tom.

Tim had positions in Google's shares and LEAP options at the time of publication. He also hunts for the best of tech as a contributor to Motley Fool Rule Breakers, which counts Google among its core holdings. Here's how to try this market-beating service free for 30 days. Get access to all of Tim's Foolish writings here.

Apple, Disney, and Amazon are Stock Advisor selections. Microsoft is an Inside Value pick. The Motley Fool's disclosure policy had one more thing to add but left it in the car. Next time.

Read/Post Comments (0) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 723824, ~/Articles/ArticleHandler.aspx, 10/22/2016 8:02:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 22 hours ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
AAPL $116.60 Down -0.46 -0.39%
Apple CAPS Rating: ****
AMZN $818.99 Up +8.67 +1.07% CAPS Rating: ****
DIS $93.03 Up +1.00 +1.09%
Walt Disney CAPS Rating: *****
FOX $25.91 Up +0.55 +2.17%
Twenty-First Centu… CAPS Rating: ***
GE $28.98 Down -0.09 -0.31%
General Electric CAPS Rating: ****
MSFT $59.66 Up +2.41 +4.21%
Microsoft CAPS Rating: ****
SNDK.DL $0.00 Down +0.00 +0.00%
SanDisk CAPS Rating: ***