Just in time for the iPhone 4 launch day, Apple has released iMovie app for iPhone 4. If you have already got an iPhone 4 lying around, hit the iTunes App Store now to download this app for $4.99 bucks.

iMovie for iPhone 4 (1)

From iTunes description of iMovie for iPhone 4:

iMovie for 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 for iPhone, you can start several projects and finish them whenever you want and wherever you are.

Made for Multi-Touch.
• Tap to add or record video right into your project.
• Drag to trim the lengths of video clips and photos.
• Pinch to zoom the timeline and get a closer look.
• Slide to scrub through the video in your project.

Give it a theme.
• Choose from a selection of themes including Modern, Bright, Travel, Playful, and News.
• Each theme includes a matching set of titles and transitions – plus its own soundtrack.
• Instantly change themes or swap themed elements in your project.
• Titles and graphics automatically update with location data from your video.

Add music and photos.
• Select from included music that matches each iMovie theme, or select from your own song library.
• Enable ducking to automatically lower the volume of background music and highlight audio from video clips.
• Add photos from your own library, or take a picture and drop it into your project.
• Customize each photo with a unique “Ken Burns” panning effect.

Share your movie.
• Export your movie in one of three sizes: Medium, Large, or HD.
• Share your movie on the web in a MobileMe gallery or on YouTube.
• Send your movie to friends and family in an email or via an MMS message.
• Easily sync your movie back to your computer.

iMovie for iPhone 4 can be downloaded via the link given below.

Download iMovie for iPhone 4 [iTunes Link]

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