Camera issues?

[Beware]

My Iphone 5, like all others, should record in 1080p...

I have read it can take a day or longer for it to fully render to 1080p because the longer the video is, the longer it takes...any truth to that or is it something with youtube?

I am paranoid there is an issue with my phone, does this seem like a youtube issue or a phone issue or a non issue if I just give it "more time" to do its thing and check back since its been a few days on 720p?

Also, noticed what resembles a blue light inside my outside facing camera, is that a sensor or something else?

Am I worrying over nothing?

Will the youtube app not allow 1080p video? How do I upload?

 

[fanbizzy]

did you get the iphone new? or you purchased it from someone?

 

[Beware]

brand new, had it replaced within first week at apple bc of comestic damage but they gave me a brand new replacement.