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Launched alongside iPad 2, Apple’s multitouch version of GarageBand has just been updated as a universal app — that’s right, it now supports iPhone and iPod touch as well. GarageBand for iOS is a re-imagining of Apple’s traditional iLife music recording, mixing, and rendering app for their modern mobile platforms.

Apple’s SVP of Marketing, Phil Schiller:

GarageBand on iPad has been a big hit and we think customers will love using it on their iPhone or iPod touch,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “The innovative Multi-Touch interface combined with Smart Instruments makes it easy to create great sounding music, even if you’ve never studied music or played an instrument before.

Here’s the full update list:

Universal app designed for iPad, iPhone, and iPod touch
Create custom chords for Smart Instruments
Support for 3/4 and 6/8 time signatures
Reset song key without transposing original recordings
Transpose songs in semitones or full octaves
Additional quantization options for recordings including, straight, triplet and swing
New audio export quality settings for AAC and AIFF (Uncompressed)
Arpeggiator available in Smart Keyboard
Adjustable velocity settings for Touch Instruments
Numerous enhancements, including automatic fade out and improved audio import options

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