Apple iTunes

Tech news from around the web – including a round-up of the latest news and speculation surrounding Tuesday’s launch by Apple:

Sprint, theUS mobile telecoms company, has made a multibillion-dollar committment to gain access to the latest iPhone models from Apple, The Wall Street Journal reports. Sprint has committed to buy at least 30.5m iPhones, even though – according to the WSJ -  it is likely to lose money on the deal until 2014.

Ahead of today’s launch, Vodafone Germany has started offering memory options of 16GB, 32GB and 64GB on the iPhone 4, TNW says. The move has fuelled rumours that Apple will not debut the iPhone 5 today – instead unveiling a low-cost iPhone 4 model and new iPhone 4S models. Read more

Tech News from around the web:

  • The value of Facebook is the subject of two news items on the web today. The New York Post is reporting that representatives of a co-founder of the social network – which could be either Mark Zuckerberg, Chris Hughes, Dustin Moskovitz or Eduardo Saverin – have approached a Wall St dealmaker about selling up to 10m shares of common stock. Meanwhile, according to CNBC, Facebook is now worth $65bn after General Atlantic, an investment company, was named as a purchaser of one tenth of one percent of Facebook.

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Digital music services like MOG, Rdio and Rhapsody have been vocal about their fear that Apple’s subscription policy will ruin innovative companies already shouldering start-up losses, and the industry’s concern was again on display at the FT Digital Media and Broadcasting conference on Wednesday. Read more

Joseph Menn

Apple is making a more serious bid for the set top box market with 99 cent TV and $4.99 new movie rentals that are streamed through a smaller version of AppleTV.

Chief executive Steve Jobs introduced the new device at an event in San Francisco. It will cost $99, down from $229, and is available for pre-order today, arriving in about a month.

The new AppleTV will offer rentals exclusively, no purchases. This will eliminate storage issues. First-run HD movies will rent for $4.99 on the day of the DVD release. Read more