Apple iPhone
Apple bumps the iPhone and iPod touch to 16GB and 32GB respectively

While things have been relatively quiet on the iPhone hardware front since its launch in 2006, the company released a number of firmware updates to add features and address bugs with the phone's software. Likewise, Apple's iPod touch has been available in only 8GB and 16GB capacities since launch.

Apple is giving both product lines storage boosts today with a new iPhone SKU coming in with 16GB of storage and a new iPod touch SKU with 32GB of storage. Both new models are priced at $499.

"For some users, there’s never enough memory," said Apple vice president of Worldwide iPod and iPhone Product Marketing Greg Joswiak. "Now people can enjoy even more of their music, photos and videos on the most revolutionary mobile phone and best Wi-Fi mobile device in the world."

Both devices will come pre-loaded with the latest 1.1.3 firmware which adds Mail, Notes, Stocks and Weather applications to the iPod touch. The 1.1.3 firmware also gives iPhone users an upgraded Maps application with position triangulation, improved text messaging and support for web clips.

Apple says that both the 16GB iPhone and 32GB iPod touch are available immediately from the Apple Store or any of Apple's brick and mortar retail stores.

"We’re Apple. We don’t wear suits. We don’t even own suits." -- Apple CEO Steve Jobs
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