WWDC: iMovie For iPhone
June 7, 2010
The newest iPhone 4 will include iMovies, Steve Jobs has announced. This new feature will allow you to record HD video with themes, transitions and title. Jobs showed how easy it will be to use timeline or existing videos.
In addition, you can edit video right from your iPhone and video record in 720p. The app will be available for $4.99 in the Apps store.