Steve Jobs has stepped down as CEO of Apple. He will now be Chairman of the Board and former COO, Tim Cook, will replace him as CEO. The influence Apple has had on the music industry - is obvious. Further discussion going on in the official Apple thread.
Apple has announced an updated lineup of iPods. So far, a $250 120GB iPod Classic and restyled iPod Nano ($149 for 8GB, $199 for 16GB), and a thinner iPod Touch with integrated speaker (8GB, $229, 16GB for $299, and a 32GB for $399) have been revealed.
Within its first 24 hours of being on sale in the iPhone app store, 8 people bought a program called "I Am Rich" for $1000. The best part? The application does absolutely nothing except display an animated red gem.