By changing the name from "Facebook Camera" to "Camera•" the company is guaranteed to position on top of the search for the phrase "Camera", and get even more downloads. And once they changed it to "Camera•" in the App Store it only made sense to change the name to "Camera•" on the device, to maintain consistency in the naming.
(disclaimer: I'm the founder of AppCod.es, and we've analysed the details of Apple's search engine in detail :) )