There are only few good free Applications available to create ringtones for iPhone, in which, Ring-tone Maker for iPhone is one of them. Its an application that allows you to create ringtones easily for your iPhone from your favorite music files, videos or recorded audios.
When you open this application, it will automatically import your entire iTunes library for you to choose the music or video that you want to use as ringtone. Once that’s done, you can check a preview of the track, select the desired time range and click on Start for your new ringtone which is automatically sent to iTunes, leaving you to just do a re-sync to add it to your handset.
Ringtone Maker provides an easy way to create your own iPhone ringtones from songs, movies and even recordings.
This app normally costs $ 10 but is on sale for a limited time, and you can buy it for $ 2. You can download this application from the following link:
Download Ringtone Maker for iPhone
Requirements: Mac OS X 10.6.6 or later