Next iPhone to Have Onboard Video Editing Software?

Pete Burrows has it from a source “familiar with Apple’s plans” that the next iPhone will include video (yeah?), an iMovie app for basic on-phone editing, plus loads of video sharing options. [BusinessWeek via Macrumors]
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Comments (AU Comments | US Comments)
A video recorder would be really cool! I just bought an iPhone and love the Skype app and the JigSee game.