MarketWatch: Apple’s iTunes’ Ping could be powerful; Apple TV priced to move

“At an event that included new iPods and new features for the iPod touch, Apple Chief Executive Steve Jobs said that Ping would be like “Facebook and Twitter meet iTunes.” It will be a social network within iTunes that users can make as public or private as they want. It will be part of the new version of iTunes, iTunes 10,” Therese Poletti writes for MarketWatch.

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“While Ping is ostensibly just for music now, it is possible it could have an even farther-reaching impact on other music services and popular social networks like Facebook,” Poletti writes. “Apple is also clearly pricing its upgraded Apple TV to move, at $99 (down from $229), in a possible answer to the threat of Google Inc.’s TV. Its new compact device will let users watch content from their Macs, iPads and iPod Touch on their TVs. Consumers will also be able to rent TV shows and movies at new lower prices, initially only offered by Walt Disney Co.’s ABC network and News Corp.’s Fox.”

Full article here.