Apple has just announced the new models of their flagship handheld products, the Apple iPhone and the iPod. Don’t get too excited, however. It’s nothing as big as a redesign, just a whole lot more storage for the download-happy. The Apple iPhone now comes in a 16GB model which is available immediate via Apple retail outlets, the Apple store, and AT&T Stores for US$499 while the new 32GB iPod model is available via the Apple store and Apple retail outlets for also $499.