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Apple's iconic iPod lineup just got a lower price of entry. Apple slashed the price of its tiny iPod shuffle by more than a third, dropping the 1 GB model to $49. Plus, Apple is introducing a new 2 GB model of the iPod shuffle for $69, which will hit retail cases later this month. At just $49, the iPod shuffle is the most affordable iPod ever, noted Apple's Greg Joswiak.

Apple Shrinks Price on Dinkiest iPod