Yawns Greet Apple's iPod Refresh

Susan Hall

A healthier-looking Steve Jobs rolled out a refreshed line of iPods on Tuesday, joking that he's not dead after all, reports MarketWatch.


He announced a lower price for the iPod Touch and introduced a Nano video player, but overall the new line failed to deliver the "wow" factor that investors have come to expect, according to a Fortune story on CNNMoney.com.


CNET's Matt Rosoff details the news, including that the 120GB for $249 matches the price Microsoft announced Monday for its Zune.


Apple's stock price has dropped 20 percent this year and was down 6.01 percent to $151.92 at 3:40 p.m. EDT Tuesday. Andrew Silberberg, vice president and portfolio manager for Alger Large Cap Growth Fund, told Bloomberg of the product launch:

There was nothing revolutionary. The news is what people were expecting.

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