New GoPro mobile app will let you edit and share videos this summer

GoPro is working on a new app that should make it easier to use your footage right after it's been shot, offering editing and sharing tools right on your phone. The app is "in the final phases of development and testing," according to comments made to investors by president Tony Bates, and is set for release by the end of summer — just in time for you to perfect your wakeboarding flips.

Bates also mentioned GoPro's cloud service, which CEO Nick Woodman recently announced was in alpha...

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