Apple today announced new iPhone and iPod models with larger memory capacities to solve the ever growing craze for more portable storage. This move doubles the amount of memory that was previously available on the top iPhone and iPod models.
Both new models (the 16GB iPhone and the 32GB iPod Touch) will sell for US$499.
Apple will continue to sell the 8GB iPhone and the 16GB iPod touch for US$399 each. Apple will also continue the junior 8GB iPod touch at US$299.
Some analysts are worried that a potential U.S. recession could affect sales of luxury items such as these portable devices. Apple stock is down more than 33 per cent this year.