It is now official. Apple has just announced the new iPod touch at Yerba Buena Center for the Arts in San Francisco, California. Before this, the company announced their sixth generation iPhone now officially called the iPhone 5. We have the full specifications, pricing as well as other details of the new iPod touch posted after the break.

As the picture rightly points out, the fifth generation iPod touch is the lightest iPod to date, coming in at just 88 grams. It has a 4 inch Retina Display. Size of the display is in sync with that on the iPhone 5. It is surprisingly thin at just 6.1mm. Apple says its the best iPod they have ever made, lets see if that claim really holds up.

One thing Apple has fixed in the iPod touch is the back cover. Previously it used to be fashioned out of chrome which is really susceptible to picking up scratches. Now the new iPod touch has a brushed aluminium back cover which is not so prone to scratching. The iPod touch retains its headset jack on the bottom and is joined by the smaller dock connector as well as a speaker.

The new Apple iPod touch has a dualcore processor which Apple claims offers up to seven times faster graphics than the previous iPod touch. The battery is good for eight hours of video playback and forty hours of music playback. A five megapixel backside illuminated back camera is capable of recording video in 1080p with image stabilization through its 5 element lens and sapphire crystal lens cover. Panoramic pictures can be taken through the Camera app. There's a 720p camera for FaceTime HD up front. Both cameras feature face detection.

Using the iPod touch loop, a brushed aluminum button on the back, users can attach a wrist strap for added security for when they're walking around or taking photos with the new iPod touch. Wrist straps are color coordinated with the five colors that the new iPod touch is being offered in. These colors include raw aluminum, black, blue, yellow and red.

Apple is not discontinuing the fourth generation iPod touch. It will still be available for purchase, prices are $199 for 16GB and $249 for 32GB. The new iPod touch is priced at $299 for 32GB and $399 for 64GB. The new iPod touch will be available for purchase in October, no definite date announced as yet.

One more thing, the new iPod touch supports Siri.