Apple launched iTunes 8, an updated iPod touch, Apple iPhone software 2.1, and slim iPod nanos.

• iTunes 8 - a new version of its ubiquitous jukebox software that enables users to browse media (music, movies, and TV) by album.
• iPod nano - Taller than the "squat" third-generation video-capable iPod nano, and the thinnest iPod Apple has ever made, which will also offer a voice recording feature and incorporate support for Genius playlists.

[ Apple Rocks Out with New iPods, iTunes 8 ]

Better Business Bureau has more advice to avoid getting ripped off when it comes to the latest technology like iphone

• Buy only the electronic device at an authorized store
• Never wire money as payment for a iPhone online
• Don’t trust hackers who have found ways to use software not authorized by apple
• Use the “Apps Store” in iTunes

[ BBB Warns of iPhone Scammers ]

Apple Inc. unveiled the next generation of his company’s wildly popular touch screen iPhone that will run on the fastest wireless networks in the world (3G), at the company’s annual Worldwide Developers Conference.

Image credit: Apple Inc

Apple announced on a much faster iPhone that’s half the price of the current model.

• iPhone 3G will be in 22 countries starting July 11 at a cost of $199 for 8GB model, $299 for 16 GB model.
• iPhone 3G has got better battery life: 5 hours of talking, 6 hours of Web browsing, 7 hours of video-watching or 24 hours of audio-listening.
• The new “3G” iPhone is thinner than its predecessor, incorporates GPS capabilities and improves on the audio functions of the previous model.
• The iPhone is currently available in six countries – U.S., U.K., France, Germany, Ireland and Austria.

Apple, Inc.’s iTunes Store becomes America’s top music retailer surpassing Wal-Mart for the first time ever, according to an NPD MusicWatch Surve.

NPD gave Apple’s iTunes Store 19 % of the music market and Wal-Mart 15 %.

Over 50 million people use iTunes to download music, which is proof of the distinct change in music retailing. The shift to digital music by Apple and competitors such as Amazon and MySpace is changing the industry.