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Wolfson Microelectronics, the Edinburgh microchip designer, has suffered a significant setback after losing its contract to supply components for the Apple iPod Touch and iPod Nano.

Failure to renew the deal, which analysts believe accounts for at least 15 per cent of Wolfson’s revenue, led to the Scottish group’s share price dropping by a third in early trading yesterday. Wolfson will continue to provide audio chips for Apple’s iPhone.

Its shares tumbled by as much as 30 per cent to a three-and-a-half-year low of 99p, recovering to 116p by the close, down 26p on the day.

Apple’s withdrawal is the latest blow in a year that has seen Wolfson’s shares fall by almost two thirds. They hit a record high of 560p in June 2006.

The company was considered the bright spark of the UK technology sector when it floated in October 2003, with contracts to supply parts for devices such as the X-Box, Tom-Tom satellite navigation systems and Samsung handsets.

Source: imesOnline

Apple has released iPod Reset Utility 1.0.3 which is an updated version of the tool that is used to reset iPhone shuffles to their original condition, it’s available via download on Apple.com.

The reset utility can restore first and second generation iPods back to their factory condition, this is good if for some reason iTunes no longer detects your iPod, it does however wipe all the data off your iPod which kinda sucks but ah well. It’s designed to work only on the first and generation iPod shuffles.

Once it has been reset, software version 1.0.4 or 1.0.5 (depending on the generation of your ipod) will be installed onto your iPod and you’ll be good to go again.

A 17 year old Antioch resident was robbed of his iPod at gun point on Monday behind a Wal-Mart.

The teenager was simple walking home, and was walking behind the Wal-Mart store when he was confronted by the four men at approximately 9:30PM, one of the suspects then pulled a gun out and stole the victims iPod.

Luckily noone was injured in the robbery, the police said.

Both iPods and iPhones have been the latest hit for robbers to try steal, police said and are warning people to be very careful of where they go with their iPods.

It has been reported that Apple are talking to music companies about giving users free access to the entire itunes music library in exchange for paying a premium for the iPod and iPhone devices.

Apple refused to comment on the plan, but Apple reps say talks are currently regarding just how much they would need to charge to allow access to music label’s libraries.

More news will be published as we get it.

A 17 year old male has been punched and a weapon held to his throat by 2 teenagers who demanded all his cash… AND his ipod.

The 17 year old was waiting at a bus stop near Westfield Shopping Centre at around 7:15PM (AEDT), when a male and a female both ages 18, came up to him and demanded money, the police said.

The female then punched him in the head and demanded that he hand his iPod over, the male then punched him a few times in the face, and then the male put what appeared to be a knife to the victims throat.

He suffered 2 minor cuts to the neck, and had a pair of earphones stolen.

Japanese government officials, are investigating a defect that caused an Apple iPod to “shoot out” sparks whilst it was been recharged, this was reported on Wednesday.

The ministry is categorizing this incident as a fire, however luckily noone was hurt. Apple are now also been ordered to find out the cause of the incident, and report back to the government about it.

Incase you are wishing to know the model number, it was “MA099J/A” and around 425,00 of those models were shipped into Japan around September, 2006.

The iPod series by Apple now may now be a muggers best friend, a US-based report says iPods may put you at a greater risk of “getting mugged”.

During the study, some interesting facts were discovered such as: At Spring in 2004, Apple had sold 3.7 million iPods, and by the end of ‘05 more then 42.3 million! And then by the end of 2006 more then 90 million had been sold.

The people conducting the study concluded that the iPods are crime creating, for starters they contain no anti-theft protection, once someone takes them they can continue using it freely as no subscription or anything is required and lastly people may just steal them for the good looks, not to necessarily sell them to others cheap.

All you can really do though is either leave your iPod at home, or be very careful.

Apple have released a new color into the iPod Nano series, you can now get either the 4GB or 8GB model iPod Nano in pink

The iPod nano lets you do many things, it can hold around 1000 songs, 3,500 pictures, 4 hours of movies, or a bit of each, it really is quite stunning. You can grab your iPod Nano for around $149!

Apple have reduced the price of their iPod shuffle. The 1GB costs $49 and it’s 2GB sibling will cost you $69 – this means it is the cheapest iPod ever. Both models are avilable in 5 colors: silver, blue, green, purple and a special red. And they are very light, weighing around half an ounce, which is seriously not much at all.

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