Thursday, January 22, 2009

Glu Device Focus Changes, Title Focus Doesn't in Sticky MoGame Market

In a company issued press release today #3 mobile game publisher Glu Mobile (GLUU) announced that is was going to dedicate a full 30% of it's development resources to Apple, Nokia & Android devices...likely a reaction to their earlier admission that they had misjudged the importance of the iPhone platform.

The release also listed their Q1 games lineup which revealed that the publisher will continue to focus on licensed properties including entertainment-based titles such as Superman/Batman: Heroes United, Watchmen, Monsters vs Aliens and Bugs Bunny Rabbit Rescue.

In a Reuters interview with Glu CEO Greg Ballard today he said that decreasing handset sales will cause the global mobile games market to shrink in 2009. Glu Mobile projects a 10% -15% decline in revenue, which they claim tracks with those of other major games publishers like EA Mobile (ERTS) and Gameloft (GFT)

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