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Are iPhones application worth the effort for a startup ?

Ever since the iphone application store has been opened , it has seen tremendous response from the developer community. There had been so many success stories and failure stories..who wants to read a failure story.

But with 55000+ applications in iPhone store , there is a limit to revenues an application can generate. And that too when most applications are free. Read this post by a developer who had launched his application successfully but had to pull out because of lack of revenues.  I liked his reflections on failures and perhaps a lesson for all of us to learn

Why My startup failed

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