At the Mobilize conference in SF, Trism Developer Steve Demeter just revealed that the revenue for Trism had reached a quarter of a million dollars over the last 2 months. If this is true, the monetization potential of the iPhone is huge – even larger than the earlier revelations by Tap Tap Tap.

This makes sense to us. Unlike Facebook apps,  which have a low perceived value, iPhone users are willing to pay real money for their favorite applications. The App Store provides the critical one-click transaction mechanism to make this possible. We believe that games will be one — but not the only — killer category. Its surprising that more VC dollars are not flowing into this area

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category: Breaking News