20% of 75 million is 15 million. 15 million copies of any paid app is huge.
Also, let’s not forget that Mac sales has been growing for years, while the PC market as a whole has been shrinking. Today, there are 3 times as many Mac users than 5 years a go.
Are we getting so disillusioned that we consider to be "such a small potential userbase"?
Half of all new Macs are sold to people who are ‘new to Mac’[1]. Even the people who buy a replacement for their old Mac will often find other uses for that old Mac or they will sell it or give it away.
One year a go, Mac install base was 66 million. Since then, 17 million Macs have been sold. 8.5 million of those are sold to people who never owned a Mac before. Let’s imagine that all the remaining 8.5 million units are bought by existing Mac users, and that half of them are bought because the old Macs died. That gives us a new total of 78.75 million.
[1] http://www.forbes.com/sites/carminegallo/2012/07/25/7-sure-f...
GP is not an exemplar of the 1% fallacy. GGP asserted that their product would have a 20% install base, so GP used that number.
Imagine, 10% of desktops have Mac OS, of that only 20% will buy my application; that's a very small user base.