Steve Jobs has revealed the new iPod touch based upon the same tech specs as the iPhone 4 including the Apple A4 processor, retina display and both forward facing and rear facing cameras.

"We're going to make it even better" said Steve Jobs.

Apple also announced that the iPod touch was now the the number one portable gamer player in the world. It outsells both Nintendo and Sony portable game players combined, said Steve. Over 1.5billion game titles have been downloaded just to the iPod touch.

Three models are available:

8GB - £189

32GB - £249

64GB - £329

The new iPod touch is available for pre order today and will be shipping next week.

A lot of people call it an iPhone without the phone" said Steve "but it's also an iPhone without the contract"

(21:50 Updated with UK pricing)

Apple iPod touch