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> A high-end iphone can record 4K 60FPS video and an hour's footage takes up 24 gigabytes.

According to https://support.apple.com/en-us/109041 4k60 recording in ProRes needs 220 MB/s storage, so an hour would be ~792 GB. Sure, you can choose to throw away most of that data with more lossy compression, but the barely-acceptable bitrates used by streaming services are not at all the right point of comparison here.



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