Apple and Netflix Join forces

Apple AAPL has unveiled a new version of its Apple TV today. Apple's Steve Jobs stunned audiences once again unveiling a handheld version of its Apple TV. The new device looks to be a quarter the size of the previous model as it looks like it can fit in the palm of your hand. Some of its features include wifi and HDMI built in as well as a redesigned remote. The biggest news from the release is that Apple will now work with Netflix NFLX to stream video content to its users. Users can now rent HD movies and TV shows commercial free. Rentals will range from $4.99 to as low as 99 cents.