Apple's iPhone to access YouTube content

Apple Inc.'s widely anticipated music and video playing iPhone will allow subscribers to wirelessly stream material from Google Inc.'s popular video sharing site YouTube, Apple said on Wednesday.

YouTube has begun encoding its videos in a new format to improve quality and save battery life when viewed over wireless devices.

The iPhone will be the first mobile device to use the new format, Apple said. More than 10,000 videos will be available on the iPhone when it hit stores on June 29, with more material added each week.