Tim Cook's firm are reviving the portable media player - which holds music and films and games - with a new device in the series which is essentially like an iPhone without the ability to make calls and is priced from $199.
However, it will be twice as fast as previous models and also feature Group FaceTime and benefit from augmented reality features.
The company's Vice President of Product Marketing, Greg Joswiak, said:
"We're making the most affordable iOS device even better with performance that is twice as fast as before, Group FaceTime and augmented reality.
"The ultra-thin and lightweight design of iPod touch has always made it ideal for enjoying games, music and so much more wherever you go."
The very first iPod was released in October 2001, just over eight months after Macintosh unleashed iTunes.
The new iPod Touch (7th generation) is the only media player still in production.
The new iPod focuses on music and games, which is no surprise, as Apple launched their streaming platforms, include Apple Arcade, a gaming subscription service, which will be available on phone, computer and TV, and will have its own exclusive titles.