The most expensive useless iPhone application ever to take up space on the App Store has been removed.

The app - 'I Am Rich' - cost $999.99 (£599.99 in the UK) - and had no use or consequence whatsoever. It was a visual representation of a red jewel, and was sold by the developer as a useless status symbol for the very rich.

Created by iPhone developer Armin Heinrich, the original product description read: “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…It’s a work of art with no hidden function at all.”

The application appeared this week, attracted a shower of controversy, and was later yanked from Apple's virtual App Store shelves. Many questioned how it was allowed to take space there in the first place, while others questioned the move to remove the app, which appeared weak having allowed the obvious joke to make it through in the first place.

Such questions aside, the LA Times this morning informs us that eight people actually paid for the application, meaning Apple takes a cool 30 per cent of c. $8,000, while the developer sees a 70 per cent return on the deal.

"Six people from the US, one from Germany and one from France dropped a grand for the gem in the first 24 hours it was available," the report claims.

However, at least one App Store user wrote a complaint saying they had accidentally acquired the application in error, reports 9 to 5 Mac.