According to a recent report by Mark Gurman and Alex Webb for Bloomberg, Apple is working on a new video social application similar to Snapchat.
Apple are apparently focusing on integrating social deeper into their mobile OS and one of the ways they will apparently do this is with their new video sharing application.
This new software will apparently be worked on at the moment and Apple also have plans to take on Facebook Messenger and other messaging apps like WeChat with iOS 10, they will launch an update messaging app in their next major release.
The new video sharing app will apparently work in a similar way to Snapchat and will come with a range of filters ans more. The idea is that the video can be shot, edited and uploaded in under a minute on an iPhone. As yet there are no details on exactly when this new video software will launch, although it looks like it will be released some time next year.
Source Bloomberg