Undaunted by seeing the value of his stock holdings dip inexplicably on a stellar profit report, today Apple CEO Steve Jobs introduced the new video iPod. Technologically, it's quite impressive, although it remains to be seen whether or not video on a 2.5" screen actually catches on. On the flip side, aside from a bigger hard drive, I'm not exactly sure how it beats video phones.
As always, it's cool looking (and available in black!):
The bigger bombshell in the announcement, however, is that Apple will begin selling episodes from hit TV shows like "Desperate Housewives" and "Lost" for a mere $1.99 at its iTunes store. If these iPods are as popular as the original ones, then this service could transform the media industry.
If these episodes are sold without ads (which I expect they will be), then advertisers are going to have a hell of time getting their message out. In short, the video iPod could accelerate the TiVo effect, whereby consumers can tune out commercials. As a result, advertising revenue drops and TV studios go down the financial toilet.
Who can say where this will ultimately take the industry, but this technology will likely be a major disruptive force.