I've been using this method to make iPhone ringtones for my mom for the longest time, and I wanna pass this method over to you guys. It is 100% legal as long as you legally own the music you are making the ringtone from, and it requires no hacking (just a few option changes).
The only reason these companies charge for their ringtones is because they wanna make money. They cost so much because they have to have people edit them, they have to licence what they're selling, etc. and they want to make a good profit, too.
This is best when viewed in 480p.
Lol, I use Audacity. Also, I don't have a smart phone.
666poopmonster666 7 months ago