The sky is falling! The sky is falling!

Oh wait, that isn't the sky... it's just Apple's share price, which dipped below $40 today, breaking a streak many thought unbreakable.

Sony and Napster are brewing a bit of competition in the iPod and iTMS spaces, but my gut tells me it won't be much of a threat long-term. Apple will still dominate, but Sony could take the #2 slot if it's new
flash-based network Walkman is a hit with consumers. I will admit to being jealous of the Sony products battery life, which they claim is "up to 70 hours of continuous playback on one AAA."

As for Napster's offerings, I think their glory days are gone. If you're smart and you have some cash free, you might want to grab a few shares of

AAPL while it's on the way down, because it WILL go back up. Take it from someone who bought a boat load in the 90's when everyone said Apple was dead. My buy-in was at 17 1/4 then. You do the math.