Apple Announces iMovie for iPad 2

The iPad 2 isn’t just about new hardware and Smart Covers (which we already love). Apple has been busy building some exclusive apps for it, and a new version of iMovie is the first one. A precision editor with multi-track audio recording, AirPlay streaming to the Apple TV, universal app for iPhone and iPad (free upgrade for existing customers!) and new themes. The new iMovie takes advantage of the iPad 2’s faster processor and RAM to do some crazy video editing and HD sharing.

Over 50 new sound effects are available and music automatically switch with themes. The UI looks completely new and redesigned for the bigger screen which, we assume, should bring way better portable video editing. New sharing options for Facebook and Vimeo as well.

$4.99 0n March 11.