Randy Ubillos was called on the stage during Steve Job's keynote earlier today where he discussed the new app iMovie for the iPhone. The app takes advantage of the HD video recording capability as well as the 5 megapixel camera pictures that one can take with the iPhone 4. You can not only take pictures and make movies on the fourth generation iPhone but you can also edit them! Much like iMovie for the Mac, there is a timeline at the bottom and you can mix and match clips and pictures, edit transitions, etc all with the application. It has a price tag of $4.99 and should be available on iTunes soon enough. Randy Ubillos created and demoed a movie himself using the application to show everyone and the audience had nothing but oooh's and ahh's amazed at the quality of the audio and video of his clip. Are you excited as we are?
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