First shown at the CES show in January, the Ricoh Theta costs £329 and can be pre-ordered from this month.

The palm-sized device features a twin-lens, folded, optical system designed to ‘capture the scene around, above and below the device, in one shot’.

The Theta, launched at the IFA consumer electronics show in Berlin, Germany, allows users to transfer images via Wi-Fi to iPhone 4S and iPhone5 smartphones running iOS 6.0 or above.

Images can be uploaded to theta360.com and shared on social networks such as Facebook and Twitter.

Exposure control is automatic. Features include exposure compensation and a minimum shooting distance of 10cm.

For further details visit theta360.com.