Apple unveils new iPhone model

New version features 16-gigabytes of memory; new iPod touch also added to lineup.

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NEW YORK (CNNMoney.com) -- Apple added new models of the iPhone and iPod touch Tuesday that double the memory capacity of earlier models.

The new 16-gigabyte (GB) iPhone will sell for $499, and the 8GB model will remain at its $399 price.

Similarly, the iPod touch will be offered in a 32GB model for $499. Apple will continue to sell the 16GB and 8GB models for $399 and $299 respectively.

Apple (AAPL, Fortune 500) shares edged higher in pre-market trading.

"For some users, there's never enough memory," Greg Joswiak, Apple's vice president of worldwide iPod and iPhone product marketing, said in a statement.

"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," he said. To top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.