
image from apple.com
Hard drive-based portable music player by Apple. Worldwide phenomenon. Everyone in the world either wants one or has one, and lots of people do both.
There also exists a iPod mini, a smaller version of the device, and an iPod shuffle, a flash-based player without a screen.
Update: On 7 September 2005, Apple discontinued the hard-drive based iPod mini in favor of the flash memory based iPod nano.
Update: On 12 October 2005, Apple released the fifth generation iPod (pictured), which also plays video.

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