iMovie is probably the easiest-to-use suite of movie editing software ever put together, and in June Apple released a mobile version for the iPhone 4. Since the iPhone 4 can shoot HD video, this puts a lot of filmmaking power in the palm of your hand, literally. This video will show you some basic uses of iMovie, like adding sound and transitions to videos, that will get you started shooting really high-quality video from your awesome new phone.
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