Many rumors have been going around about possible price drops and model changes. We all know that Apple recently added the 16gig iPhone and 32gig iTouch to their model line.

Now there is the possibility that Apple will get rid of the 8gig model and even make the 16gig model $100 less. With the iTouch they could also possibly get rid of the 8gig model and make the 16gig and 32gig the two main models. It would also most likely cut down the prices for the two.

Right now these are all just rumors but with the lowering cost of flash media and by looking at what Apple has done within the last year. These rumors could very easily become fact by the end of this month. Apple is also looking to boost their sales due to a slumping economy. Most likely if there is any new changes it will be announced by the end of the month.