Apple AAPL Stock News: Apple (NASDAQ AAPL) Says Bye-Bye to iPod Classic

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It feels like just yesterday Apple Inc (NASDAQ AAPL) first unveiled the iPod as a revolutionary MP3 player. Music buffs could simplify their music collection by storing all their favorite songs in one little device and take it everywhere they go. But since the unveiling of the iPhone and the iPad, the overall demand for MP3 players declined over time. Earlier this week, the Cupertino-based tech giant bid adieu to the iPod Classic.

As of yet, Apple still offers variations of the iPod Shuffle, Nano, and Touch. Although Apple was not the first company to launch the MP3 music player, it was the company that increased the popularity of it and brought it to mainstream. It also helps that Apple solved a few problems related to music players.

Before the iPod, MP3 players were limited to storing just a handful of songs. Many music players back in the day also were a little bit complicated to use, but Apple simplified the design for everyone.

Apple Inc (NASDAQ AAPL): iPod Nostalgia

The iPod was also a benchmark product for Apple. This particular product really brought the tech giant into the forefront of the industry.It also transformed the music market and helped contribute to the decline of compact discs.

And thanks to the subsequent launch of iTunes, digital music downloads have become the number one way people access music. In fact, when a new song is released, it is usually released exclusively in digital stores.

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Apple Inc financial news (NASDAQ AAPL)

Although iTunes and digital music continue to reign supreme, most people now access their music on their smartphones and/or tablets. MP3 players are a ubiquitous feature in many high tech gadgets and this means that most people don’t feel the need to purchase a separate MP3 player. Right now, Apple remains overall focus on its best selling products like the iPhone and potential successes such as the new Apple Watch.

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