Magnetic Detector LITE is a free iPhone app developed by AEXOL SP Z O O SPOLKA KOMANDYTOWA. This utility and tools app allows users to find magnetic field generating objects using the device's built-in magnetometer. With this app, you can detect objects that generate a magnetic and electromagnetic field, such as electronic devices, sharp objects, metal screws, and wires.

The app is particularly useful for construction workers and handymen. It can help them find hidden wires in walls or determine the location of metal framing studs. Additionally, students can benefit from this app for educational purposes, such as school projects and experiments.

It's important to note that Magnetic Detector LITE is not a professional metal detector replacement and should only be used for private or entertainment purposes. It's a handy tool for detecting magnetic fields and can be a useful addition to your iPhone's utility apps.