How to: Create free ringtones for your iPhone

For some reason, we never tire of having our current favorite song playing as a ringtone on our cell phones. There are several ways to create free ringtones, so you won’t always have to shell out an extra buck every time your tastes change. The Apple Blog came up with a way to create ringtones without third-party software- all you need is iTunes. You use the Get Info field to cut the song down to 30 seconds, then convert it to AAC, drag it to your desktop, delete it from iTunes, change the extension to .m4a or .m4r, and bring it back to iTunes. It may not be the easiest way, but it sure beats having to pay apple close to $2 per ringtone. Source...