Wednesday, August 6, 2008

Would you pay $1000 for an iPhone app?

Silicon Alley Insider points out a true gem within Apple (AAPL)’s iPhone App store. App creator Armin Heinrich’s “I Am Rich” application, worth $999.99, displays a red gem on the iPhone’s screen. And that’s about it.

Information on the app’s page says, “The red icon on your iPhone or iPod Touch always reminds you (and others when you show it to them) that you were rich enough to afford this. It’s a work of art with no hidden function at all.”

Apparently, that’s what it takes to separate the rich and the poor among iPhone owners!

Update: the application has been removed as of 2:30 EST today.

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