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Realistically, is there still money in publishing mobile apps?

A topic related to SAAS or APPs

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marc100

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So I work in Mountain View and hang out with developers, many are iOS devs. They are all broke. Some of them have been making apps for over a year and none of them hit. They are middle aged men who are renting shared rooms very far away from Mt View to scrape by. Some are living in rooms on AirBNB and some are homeless and living in their cars.

<cue: Debbie Downer>

Had a conversation last night with an experienced app developer who told me that there is an ocean of new apps being uploaded everyday and you need millions of views on it just to register on anyones radar.

There are books like App Empire or starting an APP Business for Dummies, but I notice they are like 3 years old, and so much has changed since then.

My question is, is the market too crowded?
For a non developer like me it costs a lot of money to have an app done, its like buying a $2,000 lottery ticket each time you want to play.
 
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