The vendor-tool native approach guarantees access to every nook and cranny of a device, but it also requires computer-science-grade software engineers. In addition to being the most time-consuming, it is the most expensive methodology. Although device vendor tools are available free of charge (vendors having a vested interest in evangelizing their mobile OSes), building one requires real programming skills. Coding difficulty ramps up rapidly as app complexity increases. An experienced C programmer can build a simple app in mere hours, but more complex apps easily rack up hundreds of developer hours -- and tens of thousands of dollars in labor costs.
But for apps that will have a long lifetime or require best-of-breed performance, native development is the way to go. If your app needs to get online quickly, though, you may not be able to achieve a delivery deadline without hiring pricey consultants or investing in expensive in-depth staff training, such as that offered by Big Nerd Ranch.
Mobile app-dev golden path No. 2: Web-based development
The second, and quite popular, path is Web-based development. The app isn't really an app at all, but a customized website tailored to have the look and feel of an app. This is by far the simplest approach, and the app logic can readily tailor itself on the fly to different OS platforms. In iOS devices, you can even create an app icon using the Add to Home Screen feature in Safari, giving users more of the illusion of a native app.
Web-based apps can look and feel very close to native apps, if you discount performance. But because users access the app through their onboard Web browser, a network connection is required for most functions, and users will feel network delays. HTML5 includes the ability to access local storage, but the memory capacity on most mobile devices is usually a few hundred megabytes, which limits what you can do in a Web app sans Internet.