Apple Inc.'s iTunes music store has surpassed Wal-Mart to become the top music seller in the U.S.

Apple today announced that iTunes is now the number two music retailer in the US, trailing only Wal-Mart.

Apple Inc. announced today it was slashing the price of its 1GB iPod Shuffle to $49 and releasing a new 2GB iPod Shuffle that costs just $69.

Apple updated the iPhone and iPod Touch today, doubling the memory and setting a new premium price for its high-end models.

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