The iPod Touch has taken the Classic's place as the Apple product with the biggest capacity, albeit only up to half of what used to be readily available. Findlater said he could not see the company making the Classic again, but another firm could step into the gap.
"The iPod's days have been numbered since the first iPhone, and the subscription model shows no signs of slowing down. Apple itself is transitioning into music subscriptions with iTunes Radio, and Google has just started trialling YouTube Music Key," he said. "Another company could make something equally good - there are some nice premium players like Sony's ZX1 and the Astell & Kern devices - but I don't think I'd buy one.."
The iPod Classic is not the first retro gadget to be surging in popularity again. Anna Wintour, editor-in-chief of American Vogue, was spotted clasping a flip phone. Rihanna has also returned to using a pre-smartphone era handset, while Iggy Pop recently confessed he owned a clamshell phone.
Versions of the Nokia 8210, epitomising an era when consumers wanted the smallest phone possible, are also ballooning in price in the secondhand market.
Similar-sized Ericsson and Motorola phones are on retro websites for hundreds of pounds.
Djassem Haddad, who started the site vintagemobile.fr in 2009, said: "Some people don't blink at the prices. The high prices are due to the difficulty in finding models which were limited editions in their time."