9to5mac is reporting that Apple might introduce multiple color iPod Nano. Basically each Nano will have plethora of colors like a rainbow. The Nano will also see a storage boost and addition of new features. The website said that it can’t elaborate on everything they have heard but more information will be forthcoming soon. We have heard from our sources that Apple will update its complete iPod lineup by end of this quarter or in first two weeks of next quarter. But we can’t confirm that Apple will be releasing multi-colored iPod nanos.