Steve Jobs says Apple has over 500 iPhone applications in its just-launched iPhone Apps Store. Pinch Media is reporting the number is 552 applications, with 417 available for a cost, while 135 are free, a nearly 25 percent ratio of free applications. Paid applications are ranging in price from $0.99 to $69.99, with price points at $1 (85 applications), $10 (82 applications), and $5 (62 applications) appearing most often. See the graph below for a range of applications per price point.