Hyperlapse is the latest development from the Facebook owned Instagram. It is a simple app for creating time-lapses without the hastle of creating an account, it saves straight to the camera roll. There is also a unique feature where you can set the speed once you’ve finished recording, anywhere between x1.0 and x12.0, the app records video at 1080p and then cuts out the shake, with the help of your phones gyroscope, to show a steady 720p video and at x1.0 you also get sound for a proffessional looking clip without the need for expensive equiptment.
Stabilization for Hyperlapse from Instagram from Instagram on Vimeo.
More information and video demonstrations can be found here.