NEW YORK, NY -- (Marketwire) -- 09/08/11 -- With the rise in casual gamers and mobile gaming, several growth stories have begun to emerge in the Game Design industry. Sales of interactive games for numerous platforms continue to grow, while mobile gaming has been a direct beneficiary of the smartphone and tablet revolutions. The Bedford Report examines the outlook for companies in the Game Design Industry and provides investment research on Mad Catz Interactive, Inc. (NYSE Amex: MCZ) and Glu Mobile, Inc. (NASDAQ: GLUU). Access to the full company reports can be found at:
Studies by by Pyramid Research say that the mobile gaming market is predicted to reach $18 billion by 2014, driven by the growing number of wireless subscribers in emerging markets. The study focused in on eight of the most promising emerging markets such as Brazil, China, India, Mexico, Nigeria, Poland, Russia and South Africa.
The Multimedia Research Consultancy's (TMRC) first survey of mobile games industry experts found that 71 percent of respondents agreed that the iPhone is the most successful Development Platform/Operating System in the market. The survey also showed that the Andoid will follow the iPhone's example, and both will become substantial long term players in the mobile games industry.
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Glu Mobile is a leading global publisher of 3D Social Mobile games for smartphone and tablet devices. Last month the company announced the worldwide launch of Mini Golf Wacky Worlds on the Apple App Store. Mini Golf Wacky Worlds is an original Glu title for iPhone and iPod touch.
Mad Catz engages in the design, manufacture, marketing, and distribution of accessories for videogame platforms, personal computers (PC), and iPod and other audio devices. The company said net sales for the quarter ended June 30, 2011 were $16.5 million, a 17.3% decrease from net sales of $19.9 million in the comparable prior year quarter.
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