February 5th, 2008Apple reveals higher capacity iPod, iPhone models
Apple Inc (AAPL.O: Quote, Profile, Research) on Tuesday bring in models of its popular iPod touch handheld computer and iPhone with double the memory available in preceding versions. Apple, which said in January it had sold more than 4 million iPhones since sales began last June, says the iPhone will now also sell with 16 gigabytes of memory.
The iPod touch, a wireless touch-screen device that plays music and videos, adds a 32 gigabyte model. Both devices willpower sell for $499, Apple said. Apple will carry on to sell its iPhone with 8 gigabytes of memory for $399, and two lower-capacity versions of the iPod touch, 16 gigabytes and 8 gigabytes, for $399 and $299, in that order.
The updated models come among a slump in Apple’s stock, due to fears that a U.S. depression could make patrons less likely to buy iPods or iPhones. The stock, which closed on Tuesday at $131.65 on Nasdaq, is down more than 33 percent so far this year.
