Smart Ringtone Maker. app for iPhone and iPad

Smart Ringtone Maker is a utility for making cool and free ringtones right on your device! If you feel tired of boring standard ringtones - Smart Ringtone is exactly what you need.

Select any song from your music library by tapping note in the center of the screen, or tap cancel and choose it later.
Select the start and the end of your ringtone and tap Save to cut this segment of song.
If you want to rewind the song at a few seconds simple tap on the left or right rewind button, if you want to rewind it faster scroll the waveform.

All the ringtones done can be found by tapping Ringtones button where you can listen them, send via email or start the http server to download it on your Mac/PC.

To set your ringtone on your iPhone simple drag over him to the ringtones section in your iTunes and sync your device. All your ringtones will be visible along with standard ringtones.