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iPod touch (First Generation)

Date: September, 2007
Retail price: $299 (8GB), $399 (16GB)
Cost of components: $147 (8GB), $179 (16GB)

Was the first generation of the iPod touch, introduced in the Fall of 2007, really just an iPhone missing all the features of a phone? Yes and no. Having excluded all the chips related to running the phone, Apple made the iPod touch thinner, but also managed to cram more flash memory into the 16GB version, or twice the storage capacity of the iPhone available at that time.