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Is this a bubble in the same sense? The dot com bubble was in the form of companies who made a lot of investments, predicting that there were customers (not to mention a business plan). In the case of the app store, end users are parting ways with their money here and now.

That's not to say that there won't be a malinvestment of time; the supply should increase to the point where there aren't as many customers per app, so eventually people won't make it as easily. But the whole thing isn't based on a flawed assumption, the customers really are there.




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