L.A.-based rock band The 88 have released their new single “Love Is the Thing,” which the band recorded using an iPhone and the application FourTrack ($10) from Sonoma Wire Works. According to a post on the band’s website, a member was browsing through the App Store when he came upon FourTrack, and the group thought it would be “a great way to record song ideas while we are away from home.” They proceeded to record guitar,…