Apple has announced its Best of 2014 picks on iTunes, a list that chooses the best content selected by Apple’s iTunes Editorial team in each of the various sections of the App Store. Apple’s 2014 App of the Year was Elevate - Brain Training (free) by Elevate, with Instagram’s Hyperlapse (free) coming in as runner-up. Other notable runners up for Apps include Yahoo News Digest (free), SwiftKey Keyboard (free), 1Password (free), and…