About a month ago, Apple announced the newest version of Final Cut Pro, its most popular video-editing software. Final Cut Pro has long been the professional standard for videographers and editors. Final Cut Pro X’s new improvements and desirable price point just may blow the competition out of the water.

The newest version is essentially iMovie on steroids with a completely redesigned interface, 64-bit memory addressing, and better automation to simplify tedious tasks. Final Cut Pro X also features automatic audio clean up, “range-based keywording,” and advance people and shot detection.

However, the most shocking thing about the latest version is the price tag: $299. The current version costs $999! The $300 price point means almost everyone can afford the industry standard in editing software. Buyers will be able to purchase and download Final Cut Pro X straight from the app store in June. Read Final Cut expert, Larry Jordan's, opinion here.

Read more about the new release here.