- Universal app designed for iPad 2, iPhone 4, and iPod touch (4th generation).
 - Multi-Touch Precision Editor (iPad only).
 - Multitrack audio editing with 8 themed soundtracks and over 50 bundled sound effect
 - Made for Multi-Touch.
 - Add professional polish with Themes.
 - Add photos, music, and sound effects.
 - Record and edit your soundtrack.
 - Share your HD movie on the web and in your home.
 - Play your iPad like a musical instrument.
 - Sound like a virtuoso with Smart Instruments.
 - Create a song anywhere you go.
 - Share your songs.
 
Apple has now Updated their AppStore with these two of the Most Famous and Improtant Apps i.e iMovie and GarageBand. These two Apps were also revealed in the iPad 2 Media Event. And Both of them were featured in iPad 2.iMovie which is an great video editing tool was first revealed in Summer 2010 and then it came to iPod Touch and now finally it's also available for iPad 2.You can see below the features of both these Apps and it's also available to download.
iMovie:
Description:
Make beautiful HD movies anywhere with iMovie, the fast and fun  moviemaking app for iPhone, iPod touch, and the amazing new iPad 2.  Designed for the Multi-Touch screen, iMovie puts everything you need to  tell your story at your fingertips. Browse and play projects in the  stunning Marquee view. Make a movie in minutes by adding video, photos,  music, and sound effects. Then give it the Hollywood treatment by adding  a theme, titles, and transitions. And you can share your movie with the  world – right from iMovie. 
Features: 
ScreenShots:
Download: 
iMovie is available in the Appstore for Just $4.99. You can download it for your iPhone 4, iPod touch (4th generation) and iPad 2 Here.
GarageBand:
Description:
GarageBand turns your iPad into a  collection of Touch Instruments and a full-featured recording studio —  so you can make music anywhere you go. Use Multi-Touch gestures to play  pianos, organs, guitars, drums, and basses on your iPad. They sound and  play like their counterparts, but let you do things you could never do  on a real instrument. Enjoy a full range of Smart Instruments that make  you sound like a pro — even if you’ve never played a note before. Plug  an electric guitar into your iPad and play through classic amps and  stompbox effects. Use the built-in microphone or a guitar to record, or  capture any performance. Then mix up to eight tracks to create a song  you can share.
Features: 
Screenshots: 
Download:
GarageBand is Available in the Appstore for the same $4.99. You can download it for iPad from here.
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