I Am Rich

App Maker: Armin Heinrich
Reason: None given

This app did only one thing: Broadcast to others that you had money to burn. I Am Rich hoped to bring conspicuous consumption to iPhone users by charging $999 for a screen that showed a glowing gem. "The red icon on your iPhone or iPod Touch always reminds you (and others when you show it to them) that you were able to afford this," read the app description on the iTunes. Eight users purchased the virtual gem before Apple yanked it in August 2008.