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A $1,000 iPhone application being sold out?

If you have the iPhone unlocked gadget, would you want to spend $1000 on an application? Well, most would not mind, if statistics of BarMax are to be believed. BarMax is an application that can be used by law students residing in California to pass their law exams. Not only is this $1000 application profiting nicely, but there are also plans of having its scope expanded further. More than $100,000 has already been generated from the sale of this product, thereby by making it one of the most profitable applications of the iPhone.

Even if you feel this is too much to pay for an application, the overall benefits provided by it far outweigh the costs as the amount of information provided on the iPhone can easily help students generate 6 figure incomes per year. If the company is to be believed, they have plans of expanding their operations to different states including New York as the Bar exam is different in each state. And, if one were to compare, the BarMax is much cheaper than any of its competitors.

The high price tag of BarMax will not be the first $1000 application for the iPhone as I Am Rich, a previous application designed for wealthy people, was instead a simple joke novelty application. It finally resulted in Apple removing the product from its market and refunding the money to users.

With the Unlocked iPhone 4 stated for launch on 24th June, many developers have already started developing applications for it. This does not come as a surprise as Apple has made more than double the $1 billion it has spent on developers. You can be sure that with the latest release of the iPhone around the corner, this amount is likely to go up. The recent rise in sales of the iPhone has seen a great jump in the number of innovative software applications being developed for it.

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