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During a talk [1] at Stanford, Loren Brichter mentioned that he was living off income from Tweetie (this was before Twitter's acquisition of Atebits and the rebranding of Tweetie to be Twitter for iPhone).

[1] http://itunes.apple.com/WebObjects/MZStore.woa/wa/viewiTunes...

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He was doing a lot more than just living off it, Tweetie was the #1 Paid App for a long time and was in the Top 10 for all Paid Apps for months. He was selling thousands of copies per day for $2.99.

Yeah, I think if your app is listed on top 10 of all paid apps, you can make a lot of income very quickly.

Just some math: $2.99 * 2500 copies/day * 30 days * 70% to LB = That is a whopping $156975 a month!

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