Ten Million Apps Could Flood Devices By 2020

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By Douglas A. McIntyre Updated Published
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appleThe Symbian Foundation, a leader in cell phone operating system research, says there will be ten million apps available a decade from now. “The full blossom will come in ten years and mobile apps will become as popular as websites are today with consumers,” the organization told BBC News

It is obvious to Symbian that all of these apps will not be successful and that a number of developers will become discouraged and will withdraw from the market completely.

What is not quite as obvious is the massive amount of developer time that will be wasted creating unsuccessful software over the next several years. The huge flood or apps and programming time that will be required to launch them is not unlike the movement several years ago to build out Linux, the open source operating system that has only gotten modest acceptance in its efforts to supplant Microsoft (MSFT) Windows. The lack of commercial success of Linux left many of those who worked on the project without incomes and with the most modest prospects of becoming financially successful engineers in the future.

The app business will be a failure for the huge majority of those who hope to make fortunes. Other technology that might have benefited from the efforts of those programmers will flag, and the rush for fool’s gold in the software industry will have repeated itself  once again.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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