Sure, it's an iPod Touch, which isn't the most exciting new product Apple (NASDAQ: AAPL ) , could release. A new, cheaper iPod may not seem of particular importance in the grand scheme of Apple's product mix, but the lower price tag may be the sign of a growing trend in Cupertino. If this proves true, it has particular ramifications for Apple's future.
In the video below, Fool.com contributor Doug Ehrman discusses the specifics of the new product and what its introduction may mean for Apple over the long term.
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