YouTube has started encoding its videos in a new format to improve the quality and save battery when view using wireless devices like mobile phone. Apple iPhone will allow subscribers to wireless stream material from YouTube. Apple announced that the iPhone will be the phone that uses the new format. There will be more than 10,000 videos available on the iPhone when it hits store on the 29th June 2007. Apple also released a new commercial showcasing YouTube on iPhone. Video after the jump.

[via PC World]