Apple has released their iMovie application for the iPhone 4, and it is now available to download from iTunes. iMovie for the iPhone 4 lets you edit your videos on your iPhone 4.
It is basically a scaled down version of iMovie for Mac OS X and you can edit your videos, and then publish them to the web from your iPhone 4.
Make beautiful HD movies anywhere with iMovie, the fun, feature-rich video editing app for iPhone 4. 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 of your child’s birthday party and send it to your parents — while the party is in full swing. With iMovie
The iMovie app for the iPhone 4 is now available for $4.99 or £2.99 from iTunes.