iPhone: 16GB

Apple has announced that the iPhone has been updated and nowcomes in a 16GB capacity version.

From Apple.com:

Revolutionary Phone
iPhone redefines what you can do on a mobile phone. Tap a number to make a call. Listen to voicemail in any order with Visual Voicemail.

Widescreen iPod
iPhone is an equally brilliant iPod. Enjoy music, videos, movies, rentals, and more on the 3.5-inch color display, and browse by album artwork with Cover Flow.

Breakthrough Internet Device
iPhone features rich HTML email and Safari, the most advanced web browser ever on a portable device.

The 16GB iPhone is starting at $399.