Apple removed “I Am Rich” – a $999.99 iPhone app that did nothing – from its iTunes App Store less than a day after it went up. So was it worth German coder Armin Heinrich’s time to make it?
Absolutely! In an email interview with the LA Times, Heinrich says he sold eight copies of the app – six to Americans and two to Europeans. At $999.99 in the U.S. and €799.99 in the E.U., that’s $5880 in net revenue for Heinrich – after Apple’s 30% cut – and roughly $2520 for Apple.