Tuesday, February 5, 2008

Apple Adds Pricier IPods, IPhones With More Storage

(Bloomberg) -- Apple Inc. unveiled higher-priced models of its iPhone mobile handset and iPod media player with double the memory of previous versions.

The iPhone will now be available in a 16-gigbyte model for $499 and the iPod Touch in a $499, 32-gigabyte edition, the Cupertino, California-based company said today in a statement.

Apple's iPod shipment growth slowed last quarter, signaling that demand for the devices may be abating. The company introduced new models of the iPod, including the touch-screen version, in September to stimulate sales. Chief Executive Officer Steve Jobs said he expects to sell 10 million iPhone handsets this year.

Apple fell 11 cents to $131.54 at 9:39 a.m. New York time in Nasdaq Stock Market trading. The shares had dropped 34 percent this year before today.
 

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