Apple, Inc. (AAPL) recently announced a major change; it is closing the production of iPods, the portable music player that was launched about 20 years ago. Consumers will be able to buy only the remaining stock of the product available online or in stores. iPods have remained a major Apple product for quite some time as they allowed people to hear music on the go. Also, it helped the company attract several customers. However, with the technological development over the years, the need for iPods has been lost. Consumers can now hear music on each of the everyday use products, i.e.
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