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Apple's iPod family might soon look rather different.

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The internet is buzzing with rumours that Apple is set to update its entire range of iPods.

According to AppleInsider, UK retailer Argos is preparing to cut the prices of its existing iPod stocks at the end of August or early in September, paving the way for the launch of new models later in the month.

Furthermore, Ben Reitzes, an analyst for global financial services firm Lehman Brothers, is quoted as saying: "We continue to believe Apple will need to reposition the iPod touch line in conjunction with its anticipated new product announcement in early to mid-September now that the iPhone acquisition price is lower."

Meanwhile, Piper Jaffray analyst Gene Munster also believes that an iPod refresh is imminent, saying that: "Specifically, we believe Apple will increase the capacity of the iPod shuffles as well as the iPod nanos (but maintain current price points). We believe the iPod touch may be redesigned and may enter the $199 price point, in line with the iPhone."

So, if you're thinking of buying a new iPod, it might be worth waiting just a few more weeks…

(Via AppleInsider)