Apple's new iPhone 4 features 720p HD recording, a built-in LED spotlight and the ability to edit videos on the spot through a dedicated iPhone version of iMovie.
All of those features should make Cisco pretty nervous as they make the company's Flip camcorder look outdated.
Source:
http://newteevee.com/2010/06/07/did-apples-iphone-4-just-kill-the-flip/
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