But how big is the risk really, unless you are thinking about living all your life with income from just one app, or if you spend to years working on it and then Apple makes it obsolete before you had a chance to release your work.
Otherwise you make some money, then make another product and make more money from it. Or is my thinking completely off the track?
I don't think you are off the track, from what i understand of this market (and maybe i'm completely wrong) , you are right, no one can think about solving his life with one single phone/pad app, and if you have success with one i like to think that even before that you are preparing another one. It would be like being "one single hit song" band or singer, you can get a lot of money but if you want to live you need more than that, and i think software market is harder than music. There's no magic but i can understand that people can risk a lot of work to give a step so they can make a second one and so on. But i think no one can say that if the land lord fires you from his land is a big surprise, you are the servant and have to pay your tithe while he's interested in you.