By Gemma Morris, Presenter
A university student has told Sky News he can make up to £2,000 per day developing apps in his spare time.
Josh Gare is just one of a growing number of young app entrepreneurs making a splash in a field sparked by the popularity of mobile devices.
The 20-year-old from Berkshire taught himself to write apps at the age of 16 after reading about the process.
Some 2.5 million people around the world have now bought his various creations from Apple's App Store, including the emoticons app Emoji.
He admits it is difficult to compete in the market, but says it is still a lot easier compared to some other business areas.
"I'm competing with Apple, Apple's apps, EA, these huge companies. But if I was to say, start up a fizzy drink company, I wouldn't be able to compete with Coca-Cola," he said.
In March, British 17-year-old Nick D'Aloisio made global headlines after selling one of his apps to Yahoo! in a multimillion pound deal.
The success stories come at a time when around one in five 16 to 25-year-olds in the UK are out of work.
In 2008, Apple's App Store opened with around 500 apps. Today there are more than 800,000.
Google, which sells android apps - that's Apple's rival operating system - has over 700,000 in its Play Store.
But just as hype around the internet led to the dot-com boom - and subsequent bust - in the late nineties, some critics fear the new money in the 'app economy' could be a signal that we are in an 'app bubble'.
Eden Zello, consumer analyst at Ovum, suggests keen youngsters should not give up the day job or quit university just yet.
"It's every would-be developer's dream to come up with the next Angry Birds or to have their application acquired by an internet giant like Yahoo but the reality is, for every Angry Birds, there are dozens and dozens of applications that disappear without trace," he said.
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