Apple has announced the new iPod Touch. The new iPod looks like a thinner version of the iPhone and has the same user interface. It boasts the same design as the iPhone, the same interface, and Wi-Fi support, but with a a reduced price tag and increased storage capacity. For $299, the cheapest iPod touch packs 8GB of flash memory, while the pricier $399 model delivers 16GB. Both models are on track to ship this month, and they'll offer one perk not yet available to iPhone users: the ability to purchase music from iTunes via Wi-Fi straight from the device.

Next up is the new video iPod, which Apple has dubbed the iPod classic. This model sports a look similar to that of its fifth-generation predecessor, but it offers storage capacities of 80GB and 160GB for the same $249 and $349 price tags as the previous 30GB and 60GB variants. Better yet is the classic's battery life, which clocks in at 40 hours for audio and seven hours for video, according to Steve Jobs. Last, but not least, is the new iPod nano. The new nano sports a wider enclosure to make room for a 2" 320x240 screen, and its capacity has gone up to 4GB for the $149 model and 8GB for the $199 one. Like the iPod classic, the new nano also boasts a redesigned user interface with the same "cover flow" feature as the iPhone.

Along with introducing new iPods, Apple has slashed the price of its flagship 8GB iPhone from $599 to a much more reasonable $399. The company is also doing away with the 4GB iPhone model, which previously sold for $499.