Global Digital Gaming Sales Reach $61Billion as Mobile Gamers Gravitate to Latest Downloads & Free-to-Play Games
CORAL SPRINGS, Florida, February 2, 2016 /PRNewswire/ --
The Worldwide market for digital games grew eight percent from 2014 to $61 billion, according to a new report from gaming intelligence firm SuperData Research. The market alone for tablet and smartphone for mobile games rose 10 percent to $25.1 billion from the previous year. Gaming publishers and developers in focus today are Tapinator, Inc. (OTC: TAPM), Electronic Arts Inc. (NASDAQ: EA), Glu Mobile, Inc. (NASDAQ: GLUU), King Digital Entertainment plc (NYSE: KING) and Take-Two Interactive Software Inc. (NASDAQ: TTWO)
Tapinator, Inc. (OTC: TAPM) today announced that its Middle East and North Africa (MENA) publishing partnership with Tamatem, Inc., which the Company first announced in November, 2015, has yielded very strong initial results based on the recent launch of the partnership's debut game. Last Thursday, Tamatem released a localized version of Tapinator's hit mobile game, Cop Duty Simulator 3D, in key MENA markets and the game immediately climbed to the #1 spot in the iOS Overall Apps Top Download Charts and reached #46 in the iOS Overall Apps Top Grossing Charts in Saudi Arabia. The game also reached a top 10 download rank in other key Middle Eastern markets such as Kuwait and Bahrain.
Read the full Tapinator (TAPM) Press Release at http://www.financialnewsmedia.com/profiles/tapm.html
We are highly encouraged by the initial results from this game launch, as it validates our recently announced strategy to enter the $680 Million Middle East and North Africa mobile gaming market. According to Strategy& (formerly Booz & Company), the MENA market for mobile games is expected to more than triple in size in the coming years - from $680 million in 2015 to $2.3 billion in 2022. We are already working with Tamatem on a second game, based on our hit title Trucker Parking 3D, which we expect will hit the MENA market later this quarter," said Tapinator CEO, Ilya Nikolayev. "The Arab mobile game market is underserved. Arabic is the fourth biggest language in the world, yet less than 1% of all mobile gaming content is available in Arabic. While games in English number around 400,000, there are only 250 Arabic games available on the App Store (Source: GamesIndustry.biz). The region has one of the world's fastest adoption rates for mobile apps. There are 60M+ smartphone users in the Middle East and this number is expected to reach 100M by 2016. 60% of these users prefer consuming content in Arabic. (Source: Strategy&). Tamatem looks forward to expanding its partnership with Tapinator to help them bring their large and rapidly-growing library of 180+ high quality mobile games to the vibrant Arabic market," said Tamatem CEO Hussam Hammo.
In other gaming news and recent developments: Electronic Arts Inc. (NASDAQ: EA), officially unveiled the Madden NFL 16 Super Bowl prediction, which has tabbed the Carolina Panthers as the next world champions, defeating the Denver Broncos 24 - 20. For the first time ever, fans can get in on the action for themselves by heading over to the Madden NFL 16 Super Bowl Prediction Hub and create their own outcome based on a variety of factors. Fans can then share their dream Super Bowl 50 outcome with the hashtag #MyMaddenPrediction.
Glu Mobile, Inc. (NASDAQ: GLUU), a developer of gaming applications for smartphones and tablets, is set to release fourth-quarter 2015 results on Feb 3. The company reported a positive earnings surprise of 100.00% in the last reported quarter. Furthermore, the company has delivered positive earnings surprises in the trailing four quarters with an average beat of 167.86%. (Source: Zacks Equity Research -
Be a soap star and embark on a rescue mission down the drain! Back in December, King Digital Entertainment plc (NYSE: KING), a leading interactive entertainment company for the mobile world and creator of the Candy Crush franchise and Farm Heroes Saga, announces its first 'slider' game, Scrubby Dubby Saga, is now available to download and play for free on the Apple App Store, Google Play, Amazon Appstore and Facebook (NASDAQ: FB).
2K today (Take-Two Interactive Software Inc. (NASDAQ: TTWO) announced that competitive gaming is officially coming to NBA 2K16 with NBA 2K16 Road to the Finals, an exciting new competition that merges simulation basketball with eSports and culminates over the course of the NBA Finals in June. Players on PlayStation®4 computer entertainment system and Xbox One, the all-in-one games and entertainment system from Microsoft, can form their own NBA 2K Pro-Am teams and compete in a series of in-game events to qualify for the tournament to win $250,000.
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