Apple has just started offering the iPhone in a 16GB version, priced at $499. The iPod Touch is now available in a new 32GB version, also priced at $499.

The new 16GB iPhone is priced at $499. The existing 8GB model remains priced at $399. The 32GB iPod Touch is priced at $499. Outside of the storage capabilities, the devices remain the same with regards to specifications and included accessories.

Discuss the new 16GB iPhone in our forums.You can also discuss the release of the 32GB iPod Touch announced today.