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$1,000 app approved by Apple: Wait 'til you see what it does

$1,000 app approved by Apple: Wait 'til you see what it does
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It would be hard, maybe even downright impossible, to spend $1,000 on a new iPhone 6 Plus with all the bells and whistles. You'd have to order one of those gold and diamond-encrusted numbers.

So what would it take to make someone dig far enough into their pocket for $1,000 to spend on an app that will even work on an iPhone 5s? Well, let's just say that it would have to be one pretty special app.

Seriously. There are so many free apps available, and other really great ones cost just a few dollars to download. So for $1,000 what does this app do? And why did The Apple Store try to approve it? Is it a life-changer? A gimmick?

Well, it turns out, it converts your iPhone into a sophisticated video recorder. The app by Vizzywig allows you to take super-sharp 4K video with your iPhone (you will need a 5s and at least 32GB of storage to use it). It's the world's first 4K video app, and it has the ability to record 3480 x 2160 video at 24 frames per second.

Click here for everything you need to know about Ultra HD 4K.

Not enough bang for the buck? Vizzywig 4K also lets you edit your clips, add transitions, titles, scrolling credits and even add in some background music right from your phone. At you might have guessed the app will also allow you to upload your videos directly to YouTube or save them locally to share them by some other means.

Next page: Is the app worth it?
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