Just ahead of Apple’s expected announcement of an autumn refresh of its iPod lineup today, SanDisk has unveiled an update to a rival portable media player in the sub-$100 category.

SanDisk claims parity in market share with Apple where the iPod shuffle plays and says its Sansa Fuze+ has far more features. Read more

An increase in prices for Nand Flash memory and deep cost-cutting have helped memory-chip maker SanDisk to a surprising profit.

Analysts had expected a loss of 17 cents a share, according to Reuters Estimates, but the leading flash memory card maker reported a second-quarter profit of 36 cents. Sales of $731m beat Wall Street expectations of $711m. Read more