Sales Surge for Sky-mobi and Mad Catz Interactive
July 12 2011 - 8:16AM
Marketwired
Sales of interactive games and apps for numerous platforms have
surged in the last year. Mobile games and mobile apps have been a
direct beneficiary of the smartphone revolution, while more
traditional videogame platforms are seeing sales rise. The Bedford
Report examines the outlook for companies in the Technology Sector
and provides research reports on Sky-mobi Limited (NASDAQ: MOBI)
and Mad Catz Interactive, Inc. (NYSE Amex: MCZ). Access to the full
company reports can be found at:
www.bedfordreport.com/MOBI
www.bedfordreport.com/MCZ
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.
China-based Sky-mobi Limited operates mobile social games and
provides applications with social networks to its registered
members. Last month the company announced that it has entered into
a partnership agreement with Jiayuan.com, operator of the largest
online dating platform in China.
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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 it generated record net sales of $184.0 million for
fiscal 2011, a 54.6% increase from $119.0 million in fiscal
2010.
Mad Catz recently entered into a Publisher License Agreement
with Microsoft Corporation. The agreement allows Mad Catz to submit
games to be published on the Xbox 360 video game and entertainment
system from Microsoft.
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