Report: iPhone Piracy Tops $450 Million
January 14th, 2010

Financial news site 24/7 Wall St is reporting that iPhone app piracy is estimated to have cost Apple and developers over $450 million since the App Store's launch in July 2008.
24/7 Wall St suggests (via Mobile-Ent) that for every bought and downloaded application from the App Store, three pirated downloads take place.