Rumours are circulating that Apple is set to release a 5GB iPod mini sometime early next year.

Appleinsider claims the iPod mini will see an approximate 25 per cent storage increase that will allow it to carry 1250 songs.

Mini iPodscurrently on sale offer a 4GB capacity hard drive.

There are also rumours of potential colour alterations and more ‘metallic’ finishes are, but these remain unconfirmed at this time.

It is believed Apple is being cagey after the original iPod mini was hugely over subscribed leading to supply problems.

“They’ve learned from past mistakes with the mini,” one insider told the website.