How to ReSize Image with Good Quality in iPhone

I want to create a Photos Library as existing photo library in iPhone. I add image in scrollviewer which is chosen from Photo library. Before add image i resize the selected image and set it to ImageView Control.But when i compare to added image quality with iPhone Photo library image quality, my control image is not good. How to bring the quality and withou memory overflow issue.

-(UIImage*)imageWithImage:(UIImage*)image scaledToSize:(CGSize)newSize
{
    // Create a bitmap context.
    UIGraphicsBeginImageContext( newSize );
    [image drawInRect:CGRectMake(0,0,newSize.width,newSize.height)];
    UIImage* newImage = UIGraphicsGetImageFromCurrentImageContext();
    UIGraphicsEndImageContext();
    return newImage;

}