There were debates, discussions and opinions regarding the upcoming Windows Phone 8 platform, codenamed Apollo, and whether software titles for the current Windows Phone 7.5 will run on the next-gen Redmond OS. While to some it was a no-brainer (those who don’t believe Microsoft would shoot itself in the foot), others considered otherwise.
According to the latest post on the Windows Phone Developer blog, the situation is crystal clear and should wave away all your doubts. “Today’s Windows Phone applications and games will run on the next major version of Windows Phone”. This is definitely good news for consumers but it should be excellent news for developers, knowing that the time and money they invest will not get lost once Q4 arrives and the next Windows platform for smartphones lands (hopefully). “We have made a large investment in protecting your existing investments”, says Larry Lieberman.
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Source: The Windows Phone Developer Blog