Netflix has now finally got round to updating their mobile application to version 1.1.0 and is now available for not only the iPad but is also now compatible with the iPhone and iPod Touch and requires iOS 3.1.3 or above.

According to an article over on Engadget by Vlad Savov, this latest release of the Netfilx iPhone app finally makes the movie and TV show streaming application a universal one across Apple gear with the requires iOS of course.

Apparently the Netflix iPhone app is part of the Netflix unlimited membership and you can sign up for a free trial. With Netflix iPhone App the user can view as often as they wish, resume viewing where they left off on their computer or TV, and manage queues and browse movies straight from your mobile device.

So if you are a fan of Netflix or want to give it a try on your iPhone you can grab the application for free from iTunes, but before you do check out the video below to get an idea how it works…enjoy.