iphone appWhen the iPhone/iPod Touch app store opened less than a month ago, it was greeted with mixed emotions: it brought with it the promise of increased security and quality, yet on the other hand forced app developers to adhere to Apple’s rigid standards, which may or may not diminish third-party, non-Apple creativity.

That said, it baffles the mind when something like I Am Rich passes Apple’s strict development standards and makes it into the app store for customers’ consideration.

A Business Expense?

The application, designed solely for the purpose of reminding you that “you were able to afford this”, is a ‘work of art’ according to the designer Armin Heinrich.

From the Apple Store:

Expensive iPhone App

For supporters of Apple’s app store and system, it begs the question, “did this one just slip through?” or “is this a sign of Apple Store apps to come?”. Hopefully the former, but with the current list of developers waiting for their legitimate, useful applications to be approved, useless faux apps such as this one are holding up the queue — and that’s not good for anyone. In fact, it could feasibly undermine the whole idea of application QA.

Now — if you aren’t willing to dish out 1K for the glowing match head portrait, feel free to snag the “I am Poor” version below and add it to your iPhone’s photo library to fool your friends into thinking that you’re living the high life.

Or, wait for the upcoming $2k blue diamond.

Expensive iPhone App

[Via VentureBeat]

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