survey from market research firm VisionMobile, there are 2.9 million app developers in the world who have built about two million apps. Most of those app developers are making next to nothing in revenue while the very top of the market make nearly all the profits. Essentially, the app economy has become a mirror of Wall Street.
The application store model was a good thing for a while, especially early on. Now, though, it's becoming an impediment. Supply has increased so much that it's impossible to stand out, especially now that a relatively small number of big players are utterly dominating the listings, drowning out everyone else.
If nobody does anything, this will only get worse.
To read all comments associated with this story, please click here.