12/22/2011 08:01 am ET | Updated Feb 21, 2012

Steve Jobs Wins Grammy: Trustees Award Honor For Late Apple Founder

Steve Jobs will be honored with a posthumous Grammy Award, the National Academy of Recording Arts and Sciences announced on Wednesday.

The late Apple founder and tech icon will receive the Trustees Award for having "helped create products and technology that transformed the way we consume music, TV, movies, and books," the Academy said in a release. More specifically, the award will recognize "Jobs' innovations such as the iPod and its counterpart, the online iTunes store, [which] revolutionized the industry and how music was distributed and purchased."

Certainly, iTunes has forever changed the music industry. CD sales have plummeted and full-length albums are becoming less important as the sale of low-priced singles has become more and more dominant. Studies have projected that digital sales will surpass CD sales by 2013, if not 2012.

Jobs, who passed away in October after an extended battle with cancer, received another honor on Wednesday as a bronze statue of the tech revolutionary was unveiled in Budapest.