UPDATE: My apologies to everyone - this was nothing more than a joke drummed up by this @sshole Walter Biscardi. I emailed Walter to confirm the story and this was the response I got from him:
The answer is on my blog.
Walter
This falls under WTF category for two reasons. First, how in the heck did Walter Biscardi and Peter Wiggins get their mitts on a prototype iPhone? And secondly I am in shocked that it is even possible to run any version of Final Cut on the iPhone. Even though it’s cuts-only editing with the ProRS422 codec, this simply shows the power of the iPhone!

What can you do with Lite? Well by connecting to your media device via USB, you can capture at a low resolution version of the new Apple ProRes 422 codec. For editing it's all straight cuts only, no effects, no transitions, but you wouldn't want to try to do any transitions with an iPhone anyway. You get 2 tracks of video and audio maximum, but for just straight cutting in the field, you don't need any more. Oh and no titles either, but I can't see you needing them in the field with something this small. But after you put together a rough cut, you can save off your cut as a true Final Cut Pro project and then transfer that to your laptop or desktop for your final edit.
Before I get slammed with tons of emails and comments on the terrible Photoshop job, I admit that it is indeed pretty bad. Nonetheless, this is this is still very interesting to know.
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Nifty FCP 6 Feature overlooked by many [via PROLOST]






















{ 9 comments… read them below or add one }
How i wish we have iPhone during CES, we wont be carrying heavy cameras “:p
Can you imagine editing short clips and uploading directly to sites like vox.com or youtube and completely bypassing your laptop?
Do you mean that the iPhone looks like it has been photoshoped into the pic? It certainly looks like that to me.
yep. I already got a couple messages and emails with doubts that the iPhone can actually edit videos. I just don’t see why these guys would make this up. I guess I just want to believe it’s true. What do you guys think?
Looking over the author’s history - he seems like a credible source:
This has been debunked right on the website. It was a joke.. move along people, nothing to see here.
Damn you Walter - eat sh*t and die! It was a good one though.
I think the editors of this website take news items much too personally. First with iPhone Flirt, and now this. It’s silly. iPhone Flirt is a promising web-based app, and this story was clearly tongue in cheek for the readers of someone else’s blog… NOT general consumption. It wasn’t even a scam/hoax, but a joke. Perspective, people. Perspective.
You’re right Cleverboy, when it comes to the iPhone, we take everything serious. Why? Because I know the readers of My iPhone expect nothing less from my staff. Any other comments? Feel free to send it to my personal email at vincentn@gmail.com and we can take this discussion offline.
Okedoke. Isn’t much of a discussion though. Just some free advice. It would help you and by extension your readers not to “scribble” the news. I was interested to see recently that LoopRumors has adopted a “U” next to “unconfirmed” stories. Instead of publically berating sources, its much more professional and reader-friendly to self-screen news with a system of checks. I’ll assume you agree and we can leave it at that. Regards.
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