I would postulate that some details of the potential competitor's execution is different from what you envisioned for your app. This difference may be what makes one app more successful than the other.
Try to figure our what the core perspective of the other app is; perhaps it is subtly different from your vision - assess whether you believe your core concept is "better" than theirs.
Try to figure our what the core perspective of the other app is; perhaps it is subtly different from your vision - assess whether you believe your core concept is "better" than theirs.