Apple to charge $1 Million for iPhone Mobile Ads

There are pleanty of different advertisement platforms for the iPhone; AdMob, AdWhirl and many more. However, as you may already know, last month Apple have recently acquired Quatro wireless and turned it into iAd.
However, if you own a small business and want to run an advertisement in an iPhone app, you’d better hold onto you wallet for now.    The Wall Street Journal is reporting that Apple is planning to charge upwards of $1 million for ads within iPhone apps this year, and possibly even more than that to be “among the first”.
Apple plans to charge a small group of marketers up to $10 million each at launch, the report said, citing “a person familiar with the matter.”
Existing mobile ad deals tend to run about $100,000 to $200,000, the article quoted unnamed ad executives as saying.

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