Apple Doubles Memory on iPhone and iPod

Tuesday, 5 Feb 2008 | 4:58 PM ET

Apple updated its iPhone and iPod Touch lineup Tuesday, doubling the memory and setting a new premium price for its high-end models.

The latest iPhone features 16 gigabytes of memory and retails for $499.

The previously released 8 GB version of the hybrid cell phone, multimedia player and wireless Internet device costs $399.

The new iPod Touch comes with 32 GB of memory and retails for $499.

The older 16 GB and 8 GB versions of the combination multimedia player wireless Internet gadget cost $399 and $299, respectively.

The new devices are available through Apple's online and retail stores. The updated iPhone is also available through AT&T's online and retail stores.

Apple's New iPhones
Apple is rolling out a new version of the iPhone and iTouch today. Andy Hargreaves, of Pacific Crest Securities, and CNBC's Jim Goldman have the details.

Apple said that all iPhone and iPod Touch models come with updated software that the company announced in January. It includes a new maps application and the ability to watch movies from the iTunes movie rental service.

Shares of Apple were up more than 1 percent Tuesday.

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