More evidence a bubble has formed in mobile apps, in spite of the huge success stories (I, II):...

|By:, SA News Editor

More evidence a bubble has formed in mobile apps, in spite of the huge success stories (I, II): a survey from consulting firm App Promo indicates 59% of mobile apps don't generate enough revenue to offset development costs, and 68% of developers earned less than $5K with their most successful app. The report comes a week after a study claiming iPhone app downloads fell sharply in March.