Designed primarily as a way to transform bumpy GoPro videos into smooth works of art, Microsoft Hyperlapse can process any video and create a steady time-lapse. It’s debuting on Android, Windows Phone, and as a desktop Windows app today. The key difference compared to Instagram is that you don’t need to specifically shoot a hyperlapse video for Microsoft’s app to work; even old videos shot years ago can be processed.
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Official site here
Download Android app preview from here
Download Windows Phone app from here