Apple introduced a sleek new oval iPod Nano for the Christmas season. The device has a large curved screen and is the thinnest iPod the company has made. It also includes an accelerometer - just like the iPhone! - so pictures can be displayed sideways, and a feature that allows someone to shake the device to shuffle the music playing.

Apple said its new iPod Nanos would come in a variety of colors, from orange to blue and keep the same price, with the least expensive one selling for $149 (8GBs) and the more expensive at $199 (16GBs).

The iPod Classic, "the iPod that started it all", also is being upgraded for Christmas. It will now hold 120 GBs for the same $249 price. The larger 160 GB is being shown the door though.

Jobs, boasting a 73.4 percent market share for his iPod line, said the company has sold 160 million iPod since starting the product line.

By Mark Boslet, Editor at Large.