Apple has just announced the latest in its iPod line of portable music products. The most notable is the iPod Touch which looks remarkably like an iPhone, and has touch screen features like an iPhone as well as WiFi access. It also has the same browser as the iPhone providing access to the Web. Included in the revamped line-up are new Nanos which are now able to show videos and come in a smaller form factor and multiple colors.
Apple also announced that they’re cutting the price on the 8GB iPhone from $599 to $399. That this price cut happened so soon after initial release has industry analysts wondering if Apple/AT&T is suffering from lack of demand. Given that the 8GB iPod Touch costs $299, perhaps more people will be willing to consider getting an iPhone if they were already thinking abou the Touch.