This may not be the device announcement you have been waiting for to come out of Cupertino but you’ll have to make do for now. Earlier today it was rumored that the company would launch an entry level 16GB iPod touch and that it would also cut prices for the entire iPod touch lineup. It has done just that. Today Apple formally announced the launch of an entry level 16GB iPod touch with a 5 megapixel rear iSight camera, and also confirmed price cut for the existing models.

The 16GB iPod touch is available starting today in the U.S. and worldwide in the next few days. It will be sold through the company’s online store, brick and mortar stores as well as authorized resellers. It costs $199.

This happens to be the second update to the iPod touch lineup which shipped first in October 2012. It was extended with a 16GB entry level model that didn’t have a rear camera and cost $229. The model launched today replaces the one without the camera.

The top-tier model, which boasts 64GB of storage, is no longer priced at $399, it now costs $299. The 32GB model now costs $249 as opposed to its original $299 price.

Apple’s entire iPod touch lineup now offers the same 4-inch Retina display, A5 processor, FaceTime camera and light anodized aluminum design apart from a 5 megapixel rear iSight camera. There haven’t been any rumors yet of a new iPod touch due this year so this might be the only refresh we see for a long time.

Filed in Apple >Gadgets. Read more about .

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