Coinciding with the official debut of the new iPhone 4, Apple released its new mobile iMovie application, exclusively for its new handset, onto the App Store.
The $4.99 application weighs in at 30.6MB and requires a new iPhone 4 running iOS 4. Early reviews have been positive, with most purchasers giving the application five stars.
"Make beautiful HD movies anywhere with iMovie, the fun, feature-rich video editing application for iPhone 4," Apple said. "Create a video postcard of your day at the beach and publish it to the web -- without ever leaving your spot in the sand. Or make a movie if your child's birthday party and send it to your parents -- while the party is in full swing. With iMovie for iPhone, you can start several projects and finish them whenever you want and wherever you want."
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