To animate (fade) text change in UILabel

gistfile1.m

CATransition *animation = [CATransition animation];
animation.timingFunction = [CAMediaTimingFunction functionWithName:kCAMediaTimingFunctionEaseInEaseOut];
animation.type = kCATransitionFade;
animation.duration = 0.75;
[aLabel.layer addAnimation:animation forKey:@"kCATransitionFade"];

// The current text will fade to new text.
aLabel.text = @"new text";