It was very lucrative and easy to enter for a while. Now all the easy gold has been dug up yet there are more prospectors than ever before.
Getting into the paid mobile app market was never a viable long-term strategy, but it was certainly capable of making someone extremely wealthy for a while.
There's an interesting gold rush analogy that in real world gold rushes only a small number of early adopters make any real money, but the support staff dragged along by the me-toos has a much longer and more profitable run. You wanna be the gold rush equivalent of the old prospector now running a general store, land agent, and saloon. Teach training classes, .edu market, tools ...
Repeated past observations imply that years after the bubble pops they'll still be .edu's offering classes to prepare noobs into the bubble, which no longer exists anymore.
Yeah, that is the conclusion I have reached as well. Interestingly, some people are saying that iOS 7 presents a sort of second coming of that gold rush, but we'll see.
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It was very lucrative and easy to enter for a while. Now all the easy gold has been dug up yet there are more prospectors than ever before.
Getting into the paid mobile app market was never a viable long-term strategy, but it was certainly capable of making someone extremely wealthy for a while.
There's an interesting gold rush analogy that in real world gold rushes only a small number of early adopters make any real money, but the support staff dragged along by the me-toos has a much longer and more profitable run. You wanna be the gold rush equivalent of the old prospector now running a general store, land agent, and saloon. Teach training classes, .edu market, tools ...
Repeated past observations imply that years after the bubble pops they'll still be .edu's offering classes to prepare noobs into the bubble, which no longer exists anymore.
Yeah, that is the conclusion I have reached as well. Interestingly, some people are saying that iOS 7 presents a sort of second coming of that gold rush, but we'll see.