$1K iPhone App? Get Control of Your Store, Apple

Though the $1,000 “I Am Rich” iPhone application that so enrages Don Reisinger seems to have disappeared from Apple’s store since his original Mashable post this morning, his call for the giant to impose some order on would-be price-gougers stands. “There’s nothing stopping other developers from charging too much for apps,” writes Reisinger, blasting the program whose jewel icon is almost literally all it does.

“I have no problem with developers trying to turn a quick profit on applications, but the app’s usability needs to warrant the price,” he concludes. “The App store shouldn’t be a place where a bunch of outlaws can run amok. Instead, it should be a haven for high-quality applications that are priced according to their attributes, not based off the foolhardy hopefulness of their developers.” (More Apple stories.)