At Wednesday’s press event, Steve Jobs brought Randy Ubillos–the company’s chief architect for video applications–on stage to present the newly-renamed iMovie for iOS. In his introduction, Jobs noted “[the app] is not a toy; you can really edit a movie on this thing.”
Indeed, iMovie for iOS brings over many advanced features from its Mac sibling, including a precision editor, multitrack audio recording, and full HD video support. In addition, the app has incorporated multitouch gestures, AirPlay support, social media sharing, three new themes, fifty sound effects, three background audio tracks, and direct video import from your device’s camera or from the camera roll.
iMovie for iOS will be available March 11 in the App Store for $5. It requires an iPad 2, iPhone 4, or fourth-generation iPod touch.