The $1,000 iPad App
TC is reporting the launch of BarMax, the $1,000 iPad App, that will help law students pass the Bar exam.
The reason the $1,000 price (the max you can charge in the App Store) is reasonable for this app is because of both the massive amount of data included — just about 1 GB — and because the course that students typically take for Bar exam prep, BarBri, usually costs something like $3,000 to $4,000 for the same type of information prep.
More importantly, the app appears to actually work. The data from the last Bar exam results showed students who used BarMax fairing well above the average pass rate.