Watch: Final Cut Pro X still waiting for H.265 HEVC support
Apple's newly released macOS 10.13 High Sierra operating system supports H.265 video playback, but users looking to cut HEVC video from iPhone 8 on Final Cut Pro X will have to wait for an update.
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Comments
Moreover, converting a video to H.265 with Quicktimes takes 2-3 times longer as in Handbrake. Unfortunately too, the H.265 videos created by Handbrake, are not recognized by macOS...
So, either you have an iPhone 7/8/X, or no new formats for you.
Detailed news are:
Following the release of maOS 10.13 High Sierra on Monday, Apple has updated its consumer level video editing tool, iMovie, with support for High Efficiency Video Encoding, a tentpole video feature introduced alongside the company's latest hardware and software releases.
http://appleinsider.com/articles/17/09/25/apple-updates-imovie-for-mac-with-hevc-support