In 10-inch skillet, combine glaze, water, sugar and cinnamon.
Over medium heat, heat to boiling, stirring constantly.
Add apples; heat to boiling.
Reduce heat to low.
Cook 10 minutes or until apples are tender, spooning glaze over apples occasionally.
Transfer to bowl.
Cover; refrigerate at least 4 hours before serving.
Use as a side dish or dessert.
Also can be used as a fruit topping for pancakes and waffles.