Apple and U2 are Hosting a Special Music Event Today While Competition Heats Up

It is expected that Apple and the Irish rock band U2 will jointly announce a music deal today. To commemorate the deal, it is also expected that Apple will announce a limited edition black-colored iPod pre-loaded with U2 music. We added our wild speculation last week when we noted the upcoming event. We'll report on the event later today.

According to the Irish Examiner, some U2 fans are angry that the band has "sold out" to a multinational corporation, Apple Computer. They need to get real--the band itself is a multinational corporation.

Meanwhile, Apple continues to dominate the market with a 70 per cent share. But this AP article claims it can't be sustained without constant innovation at the same price point, something Apple has been superb at, and /or entering the flash player market directly, a market that has a much lower price point than the current iPods. The AP article also explores some of Apple's competition which continues to heat up fiercely as the holiday season approaches. [Dana Baggett].