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It's not the end of the app economy, it's just the app economy is in the long tail mode now. Every obvious app that's going to have wide appeal has already been created. Now it's about filling in the niches. Though there's fewer users in the market for a niche app I'd wager they'd be much more willing to pay for it - so paradoxically there may be more money to be had in these niche apps. For example, I'm a musician and I'll drop $10 on a niche app without batting an eye.

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