Export
Where pictures go, at what size, and in which colour space.
Saving to Photos
A camera shot is saved as the look rendered onto the shot, as an HEIC with the camera's tags. With RAW on, the Bayer DNG is attached to the same picture, the way Apple's camera pairs a RAW with its JPEG, so Photos shows one picture with a RAW badge. A save from the Gallery adds a new picture, dated now.
Export at 2×
On by default and in Settings: every picture the app saves or shares, from the camera and from the Gallery, is resampled to twice its width and height with Lanczos. A 4:3 shot from a 12 MP RAW leaves as 8064 × 6048, 48 MP. It adds pixels, not detail; the DNG is never resampled. Hold Save in the editor to switch between Original and 2× from inside the app.
Colour
Pictures are saved in Display P3, the iPhone's own colour space, wider than sRGB. A film look's saturated reds and greens are kept instead of being clipped; every Apple device and modern browser handles it.