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Apple updates QuickTime to version 7.0.3

Apple on Wednesday evening released QuickTime 7.0.3, which delivers several important bug fixes, primarily in the areas of streaming and H.264 video. With the release, QuickTime 7 Pro users also gain the ability to create video and audio files that can be played back on compatible iPods. "This update is highly recommended for all QuickTime 7 users," Apple said.