The AppStore “is causing a sea change in both the mobile phone industry and the gaming industry that threatens the viability of all competitors,” according to technology stock analyst Jason Schwarz at Seeking Alpha.
Calling the AppStore bigger than the Mac, the iPod and the iPhone, Schwarz points to comments made by Steve Jobs during Apple’s recent earnings conference call with industry analysts, in which he pointed out that the company is now benefiting from being at the center of a cycle in which cool applications beget more sales, thereby creating an even larger market which will attract even more software development.
Schwarz writes that Apple and the AppStore have “brought the Internet to the level…everyone expected during the tech bubble…[with] efficiency of distribution [that] is impossible for the traditional model to compete with,” and goes on to identify Apple stock, trading in the $80 range, as “a unique wealth building opportunity.”
Some Cult of Mac readers have lately complained about the preponderance of iPhone and iPhone app-related coverage we have been publishing, but the fact of the matter is that AppStore development is exploding. It represents where much of Apple and Mac oriented creativity exists right now. And if Schwarz is right when he says “Modern day society values its computers and phones above all else,” then AppStore news and product development are likely to increase and not fade away.