Apple will announce new Ringtone feature for iPhone users. AlleyInsider claims that their source says, “user will be able to make ringtones out of the songs they’ve already purchased from iTunes and Universal songs won’t be available for this feature. New line of iPods will also be introduced.” Since the iPhone was first announced in January there have been rumors that Apple will sell ringtones through its iTunes Store and iPhone user can add new ringtones. The other rumor which is making rounds is that  Apple will add HD content and movie rental service to iTunes. The reason behind this rumor is the fact that Akamai, Apple's Internet content partner, has announced that it is adding HD video to its internet distribution offerings. Few more rumors added to the list of rumors for upcoming Apple event.