Effective Living > Technology > Apple > iPhone Summary. Apple recently announced a new version of iMovie for the iPhone 4, iPod Touch, and iPad 2. Considering the cost of about $5, the software is really amazing. Below is a video recorded on the iPhone 4 and edited using iMovie on the iPhone 4. Commentary. Greg Johnson comments… Continue reading iPhone 4 and iMovie Demo Sample Review and Commentary Video Showing Mall of America and Walker Art and Botanical Center