Apple's New Budget 16GB iPod Touch: 4-inch Retina Screen, $230

Apple has just quietly launched a budget-friendly new iPod touch: a 16GB model, with a 4-inch Retina display and a price tag of $230.

Replacing the last-gen 3.5-inch version, which hung around Apple's store for a while, the new budget offering loses some of the more advanced features found on the more expensive models—such as the rear camera. It does, however, pack a dual-core Apple A5 processor and the same screen as the four-inch iPhone and iPod Touch. It can also handle FaceTime thanks to a front-facing camera on the front.

Only available in silver, it should be in Apple stores from May 31st for $230. [Apple via Verge via Slash Gear]