Apple Inc. (NASDAQ: AAPL) has garnered much attention with the release of its highly anticipated iPhone mobile phone, but one analyst suggested on Monday that the company will now shift its attention back to its iPod music player.
The software and electronics company is likely to introduce new iPod models during or before the MacWorld â€˜08 trade show in January, according to Piper Jaffray analyst Gene Munster, with some featuring the touch-screen seen on the iPhone.
We believe the iPhone reveals much of what the iPod will soon be, Munster stated. Specifically, we expect Apple to release high capacity iPods based on OS X sometime during or before Macworld '08 in January.
Munster doubts the iPhone will steal customers away from the iPod because most of the current iPod base is simply looking for a better iPod.
The new iPods, which would not include internet capabilities, he speculates would be priced around $299.
Apple has sold more than 100 million iPods since their 2001 introduction. Adding a touch screen would be the first major redesign of the video iPod since it went on sale in October 2005.
Shares of Apple fell by $1.97 , or 1.5 percent to $130.33 at the end of normal trading hours on the Nasdaq Stock Market.