New 16GB iPhone for $499 is released today on the Apple Store Site Apple quietly released a new 16GB version of the iPhone today. If you have $500 to spend then you can pick one up today. 

Also added was a new 32GB iPod touch to the lineup. Looks like both the new iPhone and iPod touch are exactly the same only with the addition of more storage, 16GB iPhone and 32GB iPod touch respectfully.

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