The changes were updated on Apple's webpage late Tuesday.
The new iPod touch carries the same design as its predecessor launched in 2012, but sports highly upgraded specs and new colours ( Gold, Pink, Blue ).
It houses the powerful A8 processor along with the M8 motion co-processor and 1 GB of RAM.
The only other real change is the camera, which has been upgraded to an 8MP shooter which is on par with the iPhone 5S's camera.
It has a 4" display with a resolution of 1136x640.
Overall, it's a decent upgrade.
The pricing is as follows:
16GB : $199
32GB : $249
64GB : $299
128GB : $399 ( Available exclusively through Apple )
