Microsoft app arrives for the iPhone

But subscription will be needed to use Office 365

Microsoft Office users with iPhones, rejoice: Word, PowerPoint and Excel now are available on your smartphone.

The Redmond, Wash., software giant released Office Mobile for the Apple smartphone Friday, bringing heavy Office users a way to edit their files on the go from their device.

The application can be downloaded from Apple's App Store and allows users to edit files that are saved in Microsoft's SkyDrive cloud-storage system.

"After signing in to an Office 365 account, you can access, view and edit Microsoft Word, Excel and PowerPoint documents from anywhere," Microsoft said in a statement.

The app is free to download, but not everyone will be able to use it.

Users will need a subscription for Office 365 to use the app's document-editing features. Those subscriptions vary in price depending on whether you're a student, professional or a large company, but the Office 365 for Home subscription costs $100 annually.

Office Mobile for iPhone will work with the iPhone 4, 4S and 5, and with the fifth generation of the iPod Touch.

No word on when there will be an Office Mobile app for Android.

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