Remember the .com bubble that burst after the 90s? Investors were just throwing their money at dotcom startups, but not all of them were good. This created a bubble that eventually burst. Of course in the 90s it seems like everyone had money and then afterwards…not so much…
I’m hoping that doesn’t happen with phone apps. Everyone’s jumping on that band wagon like flies to sweat. Every company’s getting their own app and then we’ve got ones like Instagram and Picpiz that are turning into legit or at least semilegit businesses. Both of these apps are edit photos and are bringing in the bucks from investors. I don’t mean to pick on photo apps but I’m not sure how profitable they are, especially if they’re free.
What do you think? Are we creating a phone app bubble that will eventually burst or are apps a new way of doing business?