Is Apple's iPod a Parity Product?

A story in The Observer has bad news about Apple's iPod:

The iPod, the digital music player beloved of everyone from Coldplay's Chris Martin to President George Bush, is in danger of losing its sheen. Sales are declining at an unprecedented rate. Industry experts talk of a 'backlash' and of the iPod 'wilting away before our eyes'.

Has the iPod turned into a parity product?

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