The world has got it's first 360 degree camera unveiled by a Japanese brand Ricoh Theta. Ricoh Theta is the first device of its kind that can capture a full 360 degree panorama in a single shot with its two 180 degree lenses on both sides. The basic principle of this camera is as simple as combining 2 individual photos captured from a single shot by 2 individual lenses. This device is not provided with a screen to see and capture images, however you can download its app for iOS device and view/transfer photos over WiFi. The device has an internal memory of 4GB, that can store an average of 1200 photos in it and is available just for $399. Apple fans can avail the Ricoh Theta application from the app store but Android users will have to wait till the end of 2013.
Photos captured with Ricoh Theta - 360 degree view