There’s Gold In Them iPhones

Some kid in his bedroom can make a million bucks just by writing a little application for the Apple phone.

There’s Gold In Them iPhones: "There's a virtual lighter, a virtual firecracker, a voice changer that can make you sound like anything from Darth Vader or an elf on helium, and the big winner of the bunch—a program called Ocarina that turns the iPhone into an electronic wind instrument. Released in November, Ocarina racked up 400,000 downloads in less than a month. Smule, which originally set a goal of taking in $100,000 in revenue this year, instead will end up making closer to $1 million. 'It's amazing,' Smith says. 'The business is already profitable.'"