Today Apple announced the release of a new 16GB iPhone giving double the storage capacity in the device. The Apple store was down for a while this morning, just in the U.S., which especially on a Tuesday indicates the company had something new coming. When the site came back up the Apple store now shows two models, one with the original 8GB capacity for $399 and a new 16GB iPhone model for $499. All the specs aside from the increased storage capacity appear to be the same, and no, there was no 3G added into the 16GB model.

In addition to the iPhone getting some more storage, the iPod touch also saw an increase in its capacity to store music, pictures and video with Apple also announcing a 32GB version today as well. The 32GB iPod touch was added to the Apple store this morning retailing for $499, along with the existing 16GB model priced at $399 and the 8GB model going for $299.