Sure, it's an iPod Touch, which isn't the most exciting new product Apple (NASDAQ: AAPL ) , could release. A new, cheaper iPod may not seem of particular importance in the grand scheme of Apple's product mix, but the lower price tag may be the sign of a growing trend in Cupertino. If this proves true, it has particular ramifications for Apple's future.
In the video below, Fool.com contributor Doug Ehrman discusses the specifics of the new product and what its introduction may mean for Apple over the long term.
It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.