iPod touch (Photo Courtesy: Apple Inc.) PHOENIX - Officials with Apple Inc. announced on May 10 that the company will discontinue the last product on its iPod line, thus bringing an entire product line to an end after decades on the market."Music has always been part of our core at Apple, and bringing it to hundreds of millions of users in the way iPod did, impacted more than just the music industry — it also redefined how music is discovered, listened to, and shared," said Greg Joswiak, Apple’s Senior Vice President of Worldwide Marketing, in a statement released on May 10.Here's what you should know about the once sought-after music player.iPod, as released in 2001 (Photo Courtesy: Apple Inc.) In a statement published by Apple in 2001, officials describe the product as a "breakthrough MP3 music player.""With iPod, Apple has invented a whole new category of digital music player that lets you put your entire music collection in your pocket and listen to it wherever you go," said Apple's then-CEO, Steve Jobs, in the statement. "With iPod, listening to music will never be the same again."The first iteration of the iPod was made available for purchase in November 2001, a month after the product was announced to the public.