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iPhone development ... dangerous if you don't know how to promote it. iPhone is probably, behind the web, THE most saturated platform in the world now. I'm working with iPhone developers on some things and have done some iPhone games in the past, and it's easy for even the most amazing apps to simply dissapear and your development money with them.
That said ... you can make some pennies too if you're in the know and you deliver the right product.
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