iPhone app costs more than most phones

If you splashed out for a new 3G iPhone hoping to go one better than your mate, only to find he had bought one too, this could be your way to exclusivity.
A new application called 'I Am Rich' is now available to download from the Apple website, it costs $999 or £599 and does, well, absolutely nothing.
While there are all sorts of useful applications available for under £5.00 and many free, this one is just to mark you out from the hoi polloi and simply displays a glowing red gem.
Buying and installing the iPhone/iPod Touch application certainly marks you out as something, but it might fill a quiet afternoon for David Beckham.
On the Apple iTunes music store site, maker Armin Heinrich says: "The red icon on your iPhone or iPod Touch always 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."
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