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Good question!

Several reasons:

* Video codecs are much more complex.

* Random access seek is a lot slower, unless you're using all I-frames. (That's now a codec option on iOS, but not when I started.)

* "Studio swing" reduces the dynamic range of the YCbCr components so the quality suffers.

* Each frame lacks their own thumbnail, unless you maintain an adjunct "thumbnail video"

* Each frame might(?) not be able to have attached separate metadata, like geotagging, sensor settings at time of capture, etc.

* Deleting one frame causes a "hole" and headache.

* Standards compliant JPEG means export is super easy.

* Anything above full HD video is difficult to deal with in 3rd party software.



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