Mad Catz Interactive and Glu Mobile Poised for Growth
14 December 2011 - 12:16AM
Marketwired
The rapid growth in worldwide smartphone adoption has given a
significant boost to the mobile gaming market this year. According
to IT research and consultancy firm Gartner Research, mobile games
are the most frequently downloaded application category across most
online stores. Gartner reports that mobile gaming will experience
the largest growth within the gaming software market, with its
share growing from 15% in 2010 to 20% in 2015. The Paragon Report
examines the outlook for companies in the Technology Sector 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.paragonreport.com/MCZ
www.paragonreport.com/GLUU
Glu Mobile Inc. engages in the design, marketing, and sale of
casual and traditional mobile games worldwide. The company creates
games and related applications based on its own original brands and
intellectual property, as well as third-party licensed brands. Last
month the company announced that several of its "freemium" social
mobile games, including Bug Village, are now available for Amazon's
new tablet, Kindle Fire. "We are excited to introduce several of
our top games to one of the newest, most advanced and affordable
tablets on the market -- Kindle Fire," said Niccolo de Masi, CEO of
Glu.
Glu Mobile recently announced that its third quarter GAAP
revenue was $16.9 million compared to $15.5 million in the third
quarter of 2010.
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Mad Catz Interactive, Inc. designs, manufactures, markets,
sells, and distributes accessories for videogame platforms and
personal computers (PC), as well as for iPod and other audio
devices. In the company's fiscal second quarter, handheld revenue
represented 2% of total gross sales vs. 4% a year ago.
Mad Catz posted second quarter revenue of $25.8 million, a 31%
decrease from $37.4 million in the prior year quarter. "This
decline was principally driven by the strong performance in North
America of the Company's Rock Band 3 product line in the prior year
quarter, including bundled software sales and game peripherals such
as guitars, drums, cymbals and wireless keyboards," the company
explained.
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