Instagram recently released a new Hyperlapse app available now for iOS devices. After testing it out, it appears that the Hyperlapse App captures live video, so it's basically just like speeding up video in post. But during the capture it uses real time image stabilization and once the Hyperlapse is stopped it will also add post image stabilization to further smooth out the final piece. At this point you can choose how fast to playback the video for a Hyperlapse-like clip. This is great since you don't have to carry around a tripod and can capture smooth hyperlapse-like footage while riding a bus, or with your iphone mounted to bike, or in my case when I ride my Electric Skateboards.
The only 'sharing' options directly from inside the app lead to either Facebook or Instagram, but the app will save your Hyperlapse directly to your Camera Roll for you to do what you please (like edit in post). This is a nice little FREE app i'm excited to use, and it would be great to see how you guys use it as well. Make sure to follow me over at Instagram @mrcheesycam
You can download the Hyperlapse app from the Apple App Store