Remember when those eight saps paid $1,000 on a useless iPhone app called I Am Rich? As it turns out, that's the highest Apple allows developers to charge through the App Store, and nearly two years later, another $1,000 app has emerged, one that might actually be worth it.

What could possibly warrant that much money? For some, the answer is BarMax CA, an application designed to help law students prepare for the bar exam. Even still, $1,000 is a lot of scratch to pay for an iPhone app, but only a fraction of the $3,000 to $4,000 would-be test takers are used to shelling out for this type of test prep through BarBri.

Taken in that light, BarMax's price is quite the undercut, and the company believes it can get away with it because it's just an app with no in-class element. The app checks in at over 1GB in size and includes thousands of pages of materials and hundreds of hours of audio.

As it stands, BarMax CA is the most expensive app in the App Store, a distinction previously held by a home security app that sells for $899.

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