Is it possible to install or run multiple instances of the same application? And is it possible to create a second instance of an application within the application? This way I know whether or not it is acceptable to make use of things like static Context.
Is it possible to install or run multiple instances of the same application? And
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If your application specifies a different package (com.app_a) vs (com.app_b) you can run one application more than once, but this becomes a new application due to its newly specified package.
Short answer: no. When you run your app anew it will be replaced.
There is however the ability to run multiple tasks for one application that consist of a collection of activities. To read more on this see http://developer.android.com/guide/components/tasks-and-back-stack.html