It’s been rumored for a while that Apple was preparing a 16GB iPhone and now the rumors got true. It was expected since the 16GB iPod announced back in September, but unfortunately the iPhone still doesn’t feature 3G.

The 16GB iPhone is available immediately both for US and International markets, so in the next few days you should see it in stores, if it’s available in your country. They have also released a 32GB iPod touch and they are both priced at $499.