The company's iPhone now comes in a new 16GB model for $499, joining the 8GB model for $399. Meanwhile, iPod touch now comes in a 32GB model for $499, joining the 16GB model for $399 and the 8GB model for $299.

All iPhone and iPod touch models include the latest software enhancements announced last month including the ability to automatically find your location using the new Maps application; create Web Clips for your favorite websites; customize your home screen and watch movies from the new iTunes Movie Rentals.

The new 16GB iPhone is available immediately for a suggested retail price of $499 (US) through the Apple Store, Apple’s retail stores and AT&T retail and online stores. The 32GB iPod touch is available worldwide immediately for a suggested retail price of $499 (US) through the Apple Store, Apple’s retail stores and Apple Authorized Resellers. iTunes Movie Rentals are available in the US only.

_{iPhone and iPod touch require a Mac with a USB 2.0 port, Mac OS X 10.4.10 or later and iTunes 7.6; or a Windows PC with a USB 2.0 port and Windows Vista or Windows XP Home or Professional (Service Pack 2) or later and iTunes 7.6.}