Prometheus 6

Apple removes $1,000 featureless iPhone application
4:41 PM, August 7, 2008

Eight iPhone owners have joined an elite clan: Their Apple gadget is running a program that cost nearly $1,000.

When the iPhone first hit the market in June 2007, those who paid the $499 entry price -- and signed the two-year AT&T contract -- owned a status symbol. A year later, we have the iPhone 3G, Apple's speedier, sleeker and, most important, less expensive smart phone, which introduced a section for downloading third-party applications. Now that the phone is affordable enough for a wider audience, a new status symbol has emerged: a seemingly useless application called I Am Rich.