NEW YORK, NY -- (Marketwire) -- 03/02/11 -- Sales of interactive games for numerous platforms have surged in the last year. Mobile gaming has been a direct beneficiary of the smartphone revolution, while more traditional videogame platforms are seeing sales rise as consumer confidence recovers. According to a Thomson Reuters/University of Michigan survey, US consumer sentiment rose to its highest level in three years in February, helped by an improving view of the labor market recovery. 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:
With smartphone sales growing exponentially, mobile gaming has seen its popularity surge. According to a 2010 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. This qualifies them as "mobile phone gamers" for the purposes of the survey, and nearly a quarter have played in the past week, qualifying them as "avid mobile phone gamers."
Glu Mobile is a leading global publisher of mobile games, and has seen its share price surge in recent weeks. Earlier this week the company announced the availability of Deer Hunter 3D to Xbox LIVE on Windows Phone 7.
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 newsletters.
Also partnering with Microsoft, Mad Catz recently announced that they have entered an agreement to release a range of wireless headphones for the Xbox 360. Last month Mad Catz reported fiscal third quarter profit per share of $0.16 with $93 million revenue. Mad Catz engages in the design, manufacture, marketing, and distribution of accessories for videogame platforms, the personal computers (PC), and iPod and other audio devices.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer.
The Bedford Report