Does ipod touch 3rd resemble iphone 4G ?

The iphone's price in America is 199 $ ... And right here in KSA It's price is about 1200$ !!!!!!!!! ... I asked everybody about this problem so the answer was : the connection system in america is not the same system in KSA ... But i really liked the iphone and it's really expensive i searched in the net and i found the ipod touch i found it like the iphone .... I looked for it's price and it's cheap the 8 GB on is about 250 $ ... So the question is : CAN I INSTALL THE IPHONE APPLICATIONS ON IPOD TOUCH 3RD ... Thanks for helping :D
 
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