The application is free to download from the US Apple App store.
Consumers who own the latest Kindle 2 will be able to syncronise books between the products. It will also allow the reader to keep their place in the book regardless of what they are reading from.
, claiming faster download speeds, longer battery life and an available library of 230,000 books.
The Kindle's main competitor in the nascent sector is the Sony Reader. It is estimated around 500,000 Kindles have so far been sold, however industry experts believe there is still someway to go before there is a book-version of the iPod.
Amazon Kindle vice-president Ian Freed said: "Kindle for iPhone and iPod touch is a great way for customers to catch up on their current book wherever they are, like in the line at the grocery store or between meetings."