Along with the announcement of the new iPhone 4 at yesterday’s WWDC keynote event, Steve Jobs also announced iMovie for the iPhone 4 as well. The new app will allow users to edit videos right on the new iPhone 4, which records 720p HD video at 30fps. Just like iMovie for your Mac, the new app comes with themes and soundtracks to complement your video as well as the ability to add in your own photos and music. They’ve also made it easy to share your videos with direct uploading to Youtube and MobileMe or through e-mail and MMS
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