Competitive Landscape in Game Design Sector Changes Dramatically
02 May 2011 - 10:16PM
Marketwired
With the sudden rise of casual gamers and mobile gaming, several
growth stories have begun to emerge in the Game Design industry.
Sales of interactive games for numerous platforms have surged in
the last year, while mobile gaming has been a direct beneficiary of
the smartphone revolution. The Bedford Report examines the outlook
for companies in the Game Design Industry and provides research
reports on Mad Catz Interactive, Inc. (NYSE Amex: MCZ) and Glu
Mobile, Inc. (NASDAQ: GLUU). Access to the full company reports can
be found at:
www.bedfordreport.com/2011-04-MCZ
www.bedfordreport.com/2011-04-GLUU
According to a recent survey conducted by Information Solutions
Group and released by PopCap Game, close to 34 percent of
respondents said they have played a game on a mobile phone in the
last month. With the rise of high functioning smartphones hitting
the markets, the IDC predicts that the global mobile gaming market
will reach $13B in revenues by 2014.
Glu Mobile is a leading global publisher of 3D Social Mobile
games for smartphone and tablet devices. Glu Mobile saw 2.48
million downloads of free games with in-app purchases in March. The
company recently announced that its new "Big Time Gangsta" App for
iPad, iPhone, and iPod touch is now available on the App Store.
The Bedford Report releases regular market updates on the Game
Design Industry so investors can stay ahead of the crowd and make
the best investment decisions to maximize their returns. Take a few
minutes to register with us free at www.bedfordreport.com and get
exclusive access to our numerous analyst reports and industry
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Mad Catz engages in the design, manufacture, marketing and
distribution of accessories for videogame platforms, personal
computers (PC), and iPod and other audio devices. Last month Mad
Catz said that it secured $12.2 million in a private placement of
its shares.
The company plans to use net proceeds from the placement, along
with borrowings under its credit facility, to repay $14.5 million
in convertible notes used in part to acquire Saitek.
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