Apple has released its iMovie app for the iPhone 4. Announced at WWDC 2010 on June 7th, the iPhone version of iMovie provides iPhone 4 users with a mobile version of Apple’s Mac iMovie application, providing the ability to edit videos directly on the iPhone via onscreen Multi-Touch controls. Users can add video from the iPhone library or record directly using the built-in camera, scrub through and trim videos, and add background music, photos, titles and basic transitions. A selection of five themes is available within the app, with each theme including its own distinct set of titles and transitions. Additional features include support for location services to automatically insert maps and appropriate place titles, inserted photos with a Ken Burns effect and ducking support for lowering background music and highlighting audio. Movies created in iMovie can be exported in Medium, Large or HD formats, shared via e-mail or MMS or uploaded directly to MobileMe or YouTube. iMovie runs only on the iPhone 4 and is available from the App Store in the U.S., U.K., France, Germany and Japan for $5.