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iPhone 4 Gets 5MP Camera, LED Flash, 720P Video and More

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We all knew the iPhone was bound to get a better camera this year — it’s long flagged behind competing smartphone’s offerings — and so it has: Jobs has just announced the details of the iPhone 4’s new camera: 5MP, capable of 720p video recording.

Great news here is that Apple’s sticking to a sane five megapixels. Instead, they are trying to improve low-light photography on smartphones, which is typically abysmal, by getting more light to the sensor through back-illumination and an LED flash.

Additionally, the iPhone is getting HD video recording, with the new camera capable of 720p footage at 30 frames per second. To harness that power, Apple is also building building video editing software into the iPhone 4… with iMovie for iPhone!

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