Apple shares surge over 5-percent on new iPod, Beatles expectations

“Apple Inc. shares rose more than 5 percent on Wednesday on growing expectations that the company will announce a revamped line of iPods next week,” Franklin Paul reports for Reuters.

“Technology news Web sites have speculated that Apple could launch a new video iPod with a large touch screen similar to the iPhone, and a redesigned iPod nano in time for the end-of-year holiday shopping season,” Paul reports.

“Others also suggested that Apple may announce a deal for its iTunes online music store to sell albums from the Beatles, the last and biggest digital music hold-out,” Paul reports. “Apple has distributed invitations to a September 5 event in San Francisco, but did not say what it would be about.”

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