I have found two good applications for learning French and Spanish languages. They are

1. Hello-Hello Spanish (for iPhone). This app has good course contents developed by American Council on the Teaching of Foreign Languages and the app's user interface is also very interesting and engaging.

2. Hello-Hello French (for iPhone): This app is for French language and the features are same as above app, as both are from same developer.

Download link: http://itunes.apple.com/us/app/hello...423318312?mt=8

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