Apple updates QuickTime to version 7.0.3

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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.