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An iPhone 6S, shown with an AudioQuest DragonFly Red, and Audeze EL 8 headphones. Steve Guttenberg/CNET Apple killed the iPod Classic in 2014, but if you want one for nostalgia's sake, you can The iPod touch costs less than any current iPhone model. An iPhone X costs $999 and up. The cheapest iPhone 8 costs $400 more than the most expensive iPod touch. The latest model (iPhone 11) starts at $699. And that's before you factor in the monthly costs for phone and data service on an iPhone, which the iPod touch doesn't require.