Another magician called Oz Pearlman from Penguinmagic has previously released a whole DVD where you can use your iPhone or iPod touch to do similar nice tricks.

Magic With The iPhone by Nicholas Byrd – DVD

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The Effect
Introducing the very first DVD dedicated to the iPhone and iPod Touch! Enjoy an interactive ride into the magic of iPhone with your host, Nick Byrd. A full-length, full-feature DVD that makes learning iPhone magic easy!

A Japanese street Magician named Shinya who goes by the alias of “Salary Magician” today wowed some of us with his innovative usage of technology, Camera angles, miss direction and sleight of hand using the iPad to tell a story of how communication has evolved.

I can see how this will turn out into a great TV presentation if he can get a graphic designer to spice up the graphics used a bit.