We can capture printed text with iPhone camera, but if you want to convert it into editable text, the iPhone app TextGrabber should be a nice solution.
TextGrabber is a practical productivity app developed by ABBYY, and designed to provide you a convenient way to convert printed text into editable digital text. All you need to do is to aim at the target text with your iPhone camera and press the shutter. the iPhone app will automatically identify the language of the text and turn the text into editable text. TextGrabber can recognize more than 60 languages, including English, German, French, Italian, Spanish, Japanese, Chinese, Korean and more. You can directly edit the recognized text or paste it into other apps, you can also share the recognized text via Email or SMS. The history folder also allows you to check all captured texts.
TextGrabber with a size of 24.3 MB is compatible with iPhone 4 and iPhone 3GS running iOS 3.1 or later. The iPhone app is priced at $0.99 USD (promotional price). If you”re interested, jump to App Store for more details.