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From APPLE: Poor Performance/Spinning Beachball Solve (actual mileage may vary)
I was experiencing the spinning beach ball/poor performance problem and it was getting worse as I continued to edit.
I actually called apple. Here was their solution.
Sometimes, project files get corrupt. The fix is simple: in your current project, select everything (command A) copy everything (command C)
Next, go to the project library. Create a new project. Open it, and paste everything into it (yep, command V). This may resolve your problem. It seems to have worked for me. For now.
Apple also recommends making a duplicate of your current project once every few hours in case it gets so corrupt you can’t open it. That seems to be an issue for some poor souls. And then even the backup won’t open.
My guess this “corrupt project file” issue is big and something they are working on given how quickly the service tech offered it as the potential solution. And it is working so far.
Guess that’s why some folks never work with a .0 app. Hopefully they solve this (or reduce it) in the next update.
I think this is important so am going to repost as a new thread…hopefully not too boring for the audience here but I was about ready to weep until I found the solution.
Good luck!