Apple Event Is Happening Today – Apple has unveil iTunes 10 yesterday, their latest version of iTunes along with a new logo, new features. Hold on its not done, Apple has also came up with its very own social network for music called ‘Ping’ which it has described as Facebook meets Twitter for music.

Ping allows users to follow others(artists, friends )just like Twitter.It has custom song and album charts, a news feed, 17,000+ concert listings, and is available to 160 million iTunes users. Ping will be available not only for iTunes on the desktop, but for iPhone and iPod touch as well.

Jobs also touted the growth of iTunes and the iTunes store. He announced that more than 11.7 billion songs have been downloaded through iTunes. 450 million TV episodes and 100 million movies have been sold through Apple’s music software, while 35 million books have been downloaded through the iBooks store.