Just over a year after its launch last February, news magazine app The Daily has finally made its way to the iPhone. The app went live in the iOS App Store today. The iPhone app has a separate, cheaper set of subscription options than the iPad version. You can pay monthly for $1.99 per month, or get a full year for $19.99. On the iPad version of the app, individual issues of the magazine are $0.99, and a full year’s subscription is $39.99.

The app is not universal. That is to say, the iPhone app is separate from the iPad version. For those who have subscriptions in the iPad version, you get the content on the iPhone version for free. All you have to do is sign into the iPhone app with the same credentials you use in the iPad version.

The Daily launched in February of 2011. It was the first iPad-only news magazine, and introduced in-app subscriptions to iOS apps. It has proven to be a fairly popular news magazine, and was even the first news organization to publish the name of one of the women who filed a sexual harassment complaint against former Republican presidential candidate Herman Cain.

The Daily for iPhone is available as a free download from the iOS App Store. Subscriptions are purchased from within the app.

Are you a subscriber to The Daily? Are you excited to see the magazine making its way to the iPhone? Let us know what you think in the comments.