I have a somewhat unusual problem. In my app, I am shadowing a UIImageView using basic Quartz2d layer shadowing. Here\'s my code:
imageView.la
Try setting your UIImageView's backgroundColor to [UIColor clearColor] - this may enable your current solution to work.
imageView.backgroundColor = [UIColor clearColor];
UIGraphicsBeginImageContext(CGSizeMake(320, 396));
[imageView.layer renderInContext:UIGraphicsGetCurrentContext()];
UIImage *viewImage = UIGraphicsGetImageFromCurrentImageContext();
UIGraphicsEndImageContext();
Source: Converting a CGLayer to a *transparent* UIImage and PNG file in CoreGraphics iphone