Would You Pay $1000 for an iPhone App?

As you probably know, Apple released version 2.0 of its iPhone/iPod touch software earlier this summer. One of the big new features was the ability to add third party applications to your device. To get these applications a person goes to the App Store, found in Apple’s iTunes software. Many applications are free, but the majority you have to pay for.

Today the blogosphere is abuzz with the news of a new app in the App Store called I Am Rich. The man behind the app is asking $999.99 for his efforts. What does it do? Here’s the description in the creator’s own words:

The red icon on your iPhone or iPod touch reminds you (and others when you show it to them) that you were able to afford this.

It’s a work of art with no hidden function at all.

After pressing the (i) button on the main page, a secret mantra will be shown. This may help you to stay rich, healthy and successful.

So, in other words, it does nothing.

There’s been a wide variety of reactions to this app. Some folks are angry, some find it humorous, and still others wish they’d thought of it first. Personally I was sad to hear about it, but it did get me thinking.

Reminds Me of Facebook

I was hoping the Apple App Store wasn’t going to turn into the Facebook App Directory. When the Facebook Platform first launched I’d swing by the directory every now and then just to see if there was a gem I hadn’t heard of yet. But have you tried using the Facebook App Directory lately? It’s impossible to find anything of value in there! And I’m sure there are some pretty stellar apps being made each month that get buried under the endless supply of drivel.

Now, I don’t own an iPhone or an iPod touch but I have debated getting one recently. If I did own one I would be far less likely to “window shop” the App Store if I thought I’d have to sift through garbage like this just to find something useful. And believe me, copycats of this app are bound to be made now that the world knows Apple is willing to grant them a piece of digital shelf space. Personally, I’d like to see this app get pulled from the store and for Apple to take a stronger stance against useless applications.

Apps Worth a High Price

Obviously none of us would pay $1000 for this iPhone application. But I got to thinking: how much would a guy like me be willing to pay for an iPhone/iPod touch application? Could I see myself paying $50 for an app? How about $100?

There’s been a lot of talk about the potential for the iPhone/iPod touch to become the next great gaming device. I’m still a little skeptical, but if developers turn out good products I could see hardcore gamers (but not me) dropping $30-50 on a good game.

There have also been persistent rumors that turn-by-turn GPS is coming to the iPhone in the form of an app. I could see myself spending good money on a quality GPS app if it meant that I didn’t have to buy a standalone unit.

But those are really the only two types of applications that I could really see warrenting a high price tag, and neither would come anywhere near $1000. Plus, when you come right down to it, many of the best apps are free.

What Do You Think?

What do you think of the “I Am Rich” application? What’s the most you’d pay for an iPhone/iPod touch application? What would that application be?

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