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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.