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Road To Riches Doesn't Run Through the App Store

Etienne Steward writes "Turns out that while a few fortunes can be made with Apple, Steve Demeter made most of his money by buying Palm (of all companies) at $1.76 and selling at $12. Apparently, there aren't as many iPhone App millionaires as we would like to be believe. From the article: 'In almost a dozen interviews conducted by NEWSWEEK, Apple consultants and programmers jettison the idea that the App Store is a world of easy opportunity, or a fast track to quitting the rat race. Instead they describe an anxiety-wracked marketplace full of bewildering rules, long odds, and little sense of control over one's success or failure. "It's kind of a crapshoot," says Demeter, who spent the last two weekends partying in Las Vegas and New York. "I think we've reached a point where people are thinking I shouldn't quit my day job for this."'"

13 of 305 comments (clear)

  1. The market is unfair! by eln · · Score: 4, Funny

    My iPhone farting application is way better than all the other farting applications, and yet I've only had 3 downloads so far! Sure, my application costs 2 bucks more than anyone else's, but it has the largest selection of flatulence noises in the business, and the ads are very unobtrusive. I really don't understand why I'm not a bazillionaire by now. Seriously, this thing took me 3 hours to write, and I want my damn money!

    1. Re:The market is unfair! by Neofluffybunny · · Score: 5, Funny

      It may have only taken a few hours to write, but can you digitaly remix new farts into the system, use auto-tune and create a #1 summer jam? Theres an app for that.

      --
      The time for the purification is at hand! The impure shall be cleansed and crystal clear purity shall fill the cup of th
    2. Re:The market is unfair! by Philip+K+Dickhead · · Score: 4, Funny

      Fart mashups! They are a real gas!

      --
      "Speaking the Truth in times of universal deceit is a revolutionary act." -- George Orwell
    3. Re:The market is unfair! by Anonymous Coward · · Score: 1, Funny

      Oh you and your puns, you little stinker!

  2. Dear friend by Anonymous Coward · · Score: 1, Funny

    My name is Babatunde head of Apple's iPhone App Approval and Placement operations based in Nigeria. If you allow to share in the profits, I can push your app through to number 1 position.

    Please send your banking information and I will proceed with the transaction and we will both become millionaires.

  3. Better not to know by SuperKendall · · Score: 2, Funny

    I do not even want to hear what kinds of targeted advertising appears in a fart app.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  4. What about the Google Money Tree?! by sirwired · · Score: 4, Funny

    Speak for yourself pal. I am waiting for my "Google Money Tree" kit that I just ordered online! It was even free!* I am on my way to easy riches! What? You are skeptical?! A Mom from [insert geographic location here] just made [insert some amount between $2k and $3k here] last week! If it worked for her, it'll work for everyone!

    SirWired

    *Free period lasts for 4.2749 days, and must be canceled via papyrus sent via carrier pigeon to avoid monthly charges of [insert credit limit here.]

  5. Appstore.. WHO CARES ? by ivan_w · · Score: 4, Funny

    Come on.. who cares..

    Appstore ? Amazon ? E-Bay.. Whatever...

    Is this Geek story ?

    Who cares about the marketroids doing biziniss ??

    Because they are using a "geeky" 'a.k.a the internetz' to do that biziness doesn't make them geeky !

    Ok.. I didn't read TFA.. but I didn't feel like it!

    I want to read about "quantum physics".. "the ultimate programing language" or "the most prominent hardware architecture"..

    and NOT about some sleazy company making money with some lousy marketing scheme..

    Sorry.. you may mod me -1 as much as you like.. won't change my mind !

    --Ivan

    (PS : No.. I won't post AC - Because.. I stand by what I say !)

  6. Heinz Baked Beans by schon · · Score: 5, Funny

    That's obvious - ads for beans.. because if you need your phone to do it for you, you're not producing enough gas!

    On a related note, my three-year-old daughter absolutely loves it when someone around her farts, so I started the "pull my finger" bit with her.

    The other day, she comes up to me and asks "Dad, I wanna pull your finger!" So I let her pull my finger, and when nothing happened, she looked quizzically at me and said "Hey! Where's the fart!?!?!"

    Later she asked me to pull her finger, and when she didn't fart, she had the same reaction.. "Hey! Where's the fart!?!?!"

    My wife is somewhat less than thrilled at the whole affair.

  7. Do not worry by e2d2 · · Score: 4, Funny

    You can always find a job using one of the many job apps available in the app store.

  8. Re:Anonymous Coward by tomhudson · · Score: 3, Funny

    Its called "iPhone Flashlight"

    See, THERE's the problem ... it it were called "iPhone FLESH-light" it would be selling lik, well, like fleshlights.

  9. Re:The road to richess passes through Marketing by Zadaz · · Score: 2, Funny

    Good point, I should have submitted this post to testing before releasing it.

  10. Re:Another shocker by Anonymous Coward · · Score: 1, Funny

    They probably felt REAL LUCKY ;)