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The First $1000 iPhone Application

August 6 2008 - 6:00 am ET | Harry McCracken | AllThingsD

iPhone developer Armin Heinrich has released an application for the iPhone with two noteworthy characteristics: 1) Its primary function is to display a handsome glowing red jewel on your iPhone’s screen. 2) It sells on Apple’s App Store for $999.99, thereby explaining its name: I Am Rich.

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