With the September 1-scheduled Apple press event round the corner, there are speculations galore that the company will likely announce the launch of the next-generation iPod Touch.

The possibility of the launch of an updated iPod Touch largely rests on Apple’s customary launch of the new iPod updates during the month of September, for the last two years. The venue of the press event, Yerba Buena Center for the Arts, is the same place where Apple had announced the release of the iPad.

Though Apple has made no official disclosure of the scheduled proceedings for the September 1 event, the fact that the company had acquired music streaming firm Lala last year indicates that streaming music service, sans the need of download, may well be in the offing.

At the press event, Apple will likely provide details for the enhancements in the service pertaining to the sale of music and video through its iTunes Store. In addition, the company may also provide some insights into an updated Apple TV system which enables users to rent TV episode for $.99.

Meanwhile, amid all the speculation of the probable announce of an updated iPod Touch at the forthcoming press event by Apple, statistics reveal that the iPod sales actually appear to be on a terminal decline of late – a fact that is rather disquieting not just for Apple, but also of the music companies!