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App Store Growth Drives 15 Percent Rise In Gameloft Revenues

App Store Growth Drives 15 Percent Rise In Gameloft Revenues

July 29, 2010 | By Kris Graft

July 29, 2010 | By Kris Graft
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Paris, France-based mobile game publisher Gameloft on Thursday reported a rise in fiscal Q2 revenue, thanks to rapid smartphone adoption, increased market share in traditional Java and Brew phones and a 113 percent jump in sales on Apple's App Store.

The company reported sales of 33.6 million euros ($44.1 million) for the quarter ended June 30, a 15 percent year-on-year climb. Half-year sales are up 11 percent to 66.6 million euros ($87.1 million). The French company did not report its profit figures.

Gameloft has aggressively pursued game development for Apple mobile devices, including the iPod Touch, iPhone and iPad, helping spark growth. The company expects new mobile offerings from Apple, Samsung, Nokia and Google to also drive growth for the company.

Gameloft, which both develops and publishes mobile titles, lists on its official website that Assassin's Creed -- Altair's Chronicles is currently its top-selling App Store title. Gameloft benefits from a close relationship with fellow French publisher Ubisoft, allowing for mobile versions of Ubisoft properties like Assassin's Creed, Splinter Cell and Prince of Persia.

The company said that it expects "continued growth in 2010 in terms of revenue and profitability," thanks to a strong foothold in the mobile digital distribution category and the increasing smartphone userbase.


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