LoopRumors is convinced that Apple has a very big announcement in the offing. Word is that it could be a wide screen/touch screen video iPod or an announcement with the Beatles.

The International Business Times says that the new iPod could also have GPS and WiFi capacity.

That would be nice.

Apple’s (AAPL) stock has not recovered from poor guidance and concerns about the company’s option backdating issues. The stock is at $85.50, down from over $97 in mid-January.

Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com. He does not own securities in companies that he writes about.