As pointed out by TUAW, Apple has begun cutting the prices of iPods on many of the world’s online stores.

On the US online store the price of the 8GB iPod nano is now $129 and $149 for 16GB. The only iPod classic model is now $229. The iPod touch has also received price cuts, $189 for 8GB, $249 for 16GB and $279 for 32GB.

The iPod price cuts come ahead of Apple’s media event later today.