iAm iStupid

That’s what this iPhone application should have been called.

I Am Rich was available for purchase from the phone’s App Store for, get this, $999.99 — the highest amount a developer can charge through the digital retailer, said Armin Heinrich, the program’s developer. Once downloaded, it doesn’t do much — a red icon sits on the iPhone home screen like any other application, with the subtext “I Am Rich.”

Apple has since removed this application from its store, but not before eight people bought it.  I say bully for the developer and his clever application.

I keep waiting for Apple to come up with a clever “A Fool and His Money” commercial.

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