Apple just announced new models of their iPhone and iPod lines.
The long rumored iPhone 5 was officially revealed and has a taller screen size, thinner and lighter design, an A6 processor (twice as fast as the previous A5 chip), better camera for low-light situations, LTE broadband and better FaceTime HD front-facing camera. It will be available in black and white.

There are also new iPod Touch models with a new screen (same size as the iPhone 5), an A5 processor (the current 4th-gen still has the A4), a 5-megapixel camera with flash (ƒ/2.4 aperture and capable to record 1080p movies), Bluetooth 4.0, FaceTime HD camera. It will be available in five different colours and a (Product)RED version.
The iPod nano was completely refreshed. Gone is the versatile clip to hang the nano to clothes. It has a bigger 2.5-inch widescreen Multi-Touch display (240-by-432-pixel resolution at 202 pixels per inch) and bluetooth 4.0 built-in. It will be available in seven different colours and a (Product)RED version.
Also announced: new Lightning connector replaces the old 30-pin dock connector; new EarPods (headphones) come with all announced models; and Lightning to 30-pin Adapters.
On the software side, Apple announced a new iTunes version built from the ground up with a new interface (available in October).
In the U.S. the iPhone 5 starts at $199 (16GB), $299 (32GB), $399 (64GB) with a two year contract.
The iPod Touch 5th-gen costs $299 for the 32GB model and $399 for the 64GB model. The old iPod Touch (4th-gen) is being kept as an entry-level model ($199 for 16GB and $249 for 32GB).
The iPod nano (16GB) will be available at $149.
Apple’s official product pages:
iPhone 5
iPod Touch 5th-gen
iPod nano 7th-gen