A Filipino Developer's Take on App Store -- is it another bubble?

Digital Sinigang: Beyond the App Store: "The bad news is that the AppStore is not a gold mine--with over 250,000 apps available, its going to be a long shot for an indie or a start-up to be successful. The good news is that Apple gave birth to a whole new set of other 'side' businesses that went with the AppStore revolution--you just need to be creative. Remember the saying 'don't put all your eggs in one basket'? As any entrepreneur will tell you, diversification is one of the keys to long term success. Now that you've started your own app-making business and released your first iPhone app, here are some more business ideas that 'could' go hand in hand with your long term plans."

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I first came across about iPhone Apps, or mobile apps in general, to be just another dotcom bubble from Tomi Ahone's blog. Then, came different variations of Tomi Ahone's post -- some agree and others disagree.

Then, I came across the post, Beyond the App Store, of @egarayblas of Kuyi Mobile. I think I was able to download 1 game application, Jumpbot, from them which my 2-year old boy enjoyed playing. The post somehow confirmed that making money from iPhone apps is not a walk-in-the-park. Well of course, his post is not something new. But the thing I find interesting about it is that it came straight from a Filipino iPhone app developer. It also gives me more incite on how the local tech start-up operates.