Is this the beginning of the end for Android? French mobile phone Games Company, Gameloft has announced that it, along with other software developers is cutting back investment into Android application development.

While they’re not pulling the plug completely, it’s a major blow to Google’s progression of the Android app store. Gameloft has said it will significantly cut investment, and that it’s all down to weaknesses within the app store.

Despite banging on about the design flaws in the site – it’s not as neat as its competitors or as inviting, eventually the truth came out – Money. Gameloft’s finance director said “On Android, nobody is making significant revenue”; apparently the company are selling 400 times more iPhone apps than Android.

Sinking ship anyone?