Apple slashes iPod prices up to $120 by Philip Elmer-DeWitt @FortuneMagazine September 9, 2009, 1:22 PM EST E-mail Tweet Facebook Google Plus Linkedin Share icons Image: Apple Inc. In an early-morning teaser, Apple AAPL has chopped $20 to $120 off the prices of most of its iPod line. The new prices were posted only hours before a special music event at which Apple is expected to replace most if not all of its existing iPods with new models loaded with more memory and added functions, such as a camera. Among the cuts: 8 GB iPod touch reduced to $189 from $229 ($40 off) 32 GB iPod touch reduced to $279 from $399 ($120 off) 16 GB iPod nano reduced to $149 from $199 ($50 off) 120 GB iPod classic reduced to $229 from $249 ($20 off) The new prices are posted, without comparisons to the old, on Apple’s online store. Only the iPod shuffle appears to be unaffected. It still $79 for 4 GB. Today’s event is scheduled to start at 10 a.m. Pacific (1 p.m. Eastern) at San Francisco’s Yerba Buena Center for the Arts. UPDATE below with price changes announced at the event: Some iPod prices changed between this morning’s post and the Yerba Buena event. Apple introduced a 2 GB iPod shuffle for $49 (the 4 GB model is still $79). The entry level 8GB iPod touch now costs $199 ($30 off), the 32 GB model costs $299 ($100 off) and there’s a new 64 GB model for $399. The 8 GB nano (now with video) goes for $149 (no change) and the 16 GB model for $179 ($20 off). This morning’s listings may have been clearance prices for the older models; as of midafternon Wednesday they had not yet turned up in the clearance section of Apple’s online store. See also: Apple event roulette: Place your bets Apple’s Sept. 9 music event: What’s Steve Jobs got up his sleeve?