I would definitely suggest that you not give up development of your idea. As someone else has already said, learn from your competition and make your product b

I would definitely suggest that you not give up development of your idea. As someone else has already said, learn from your competition and make your product better as a result. If the idea you're working on is a good one, then you're almost bound to have competition. So I see competition as a sign that I'm on the right track. Keep at it! You just have to make your implementation a little bit better than the other guy.