On October 16, 2009, we talked about that Wolfram Alpha announced an API for developers and a new iPhone app. Now, WolframAlpha rises from the dead and proudly presents an iPhone app, and it costs a whopping $49.99.

Before you flip your chips though, the WolframAlpha is more than the mediocre iPhone web-based version we’ve all come to know. Included in the application are features not seen on the online version.

According to social media blog Mashable, “It’s a high end graphing calculator (that supports discrete number theory, Calculus derivative and plotting of functions), an almanac, a currency/unit converter and a pretty sophisticated stock analysis tool.” In which I thought the online version did all of this, but I may surely be mistaken.

Of course, someone out there’s got to have some use for the application, but many others are being critical about the price point to which the application has been set. While the company plans to offer regular discounts and sales, we can’t help but wonder if the price isn’t a bit too high. At $9.99 or even $19.99, the app would be more of an impulse buy, while now, even though it obviously offers more features than a user would ever expect from a high-priced hardware graphing calculator which would generally retail for more than $100.

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