iPhone has been able to capture video since the 3GS version and with iPhone 4 the videos became HD quality. As in any attempt with video, there is always a time when we feel like doing some edits on the video. Splice is a free software (compared to iMovie) that allows you to that and lot more.
The application allows you to trim, add narration, add music to your video with ease. The free app has some ads in it, while the $1.99 version is free of it. For $0, this definitely seems a worth downloading.
Source: Lifehacker
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