Insta360 has unveiled the Luna Ultra, a handheld gimbal camera designed for mobile filmmaking and co-engineered with Leica Camera. The company positions the device as a portable tool that combines cinematic imaging capabilities with 3-axis stabilization and creative features. Multiple outlets report that the Luna Ultra uses a dual-lens design and records in 8K, aiming to support video capture with stabilized, professional-looking results. TechNode adds that the system includes a 1-inch main camera and a 1/1.3-inch telephoto camera, with both lenses using Leica Summicron optics. Digital Trends and PR Newswire describe the camera as built for creators who want advanced stabilization and flexible shooting tools in a compact format. TechNode also reports initial pricing in China, with a limited-time starting price of RMB 3,999 (about $590). Across sources, the key points center on the Leica partnership, the dual-lens configuration, 8K recording capability, and handheld gimbal stabilization.