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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Glu Mobile Inc | NASDAQ:GLUU | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.50 | 13.00 | 12.50 | 0 | 01:00:00 |
Access to the full company reports can be found at: www.FiveStarEquities.com/GLUU www.FiveStarEquities.com/ZNGA
While traditional game sales have experienced a major decline in 2012, mobile gaming has experienced the opposite. The NPD Group has reported that digital game sales -- which includes social games, mobile apps, and digital downloads -- increased by 17 percent in the second quarter of 2012. The number of smartphones in use in the third quarter of 2012 totaled 1.03 billion, a 47 percent increase from third quarter 2011. By 2015, that number is predicted to double to 2 billion.
"It's clear that the quality of mobile games is improving with faster processors and better displays on smart phones and tablets," said Michael Pachter, managing director of Wedbush Securities. "This has caused a migration of gamers at the more casual end of the spectrum away from dedicated consoles and handhelds toward mobile phones and tablets."
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Glu Mobile recently announced that Probability PLC, the UK's only publicly-traded mobile gambling company, will use the company's existing games to create Glu branded mobile slot games. Drew Crum, analyst at Stifel Nicolaus, last week initiated coverage on the company with a "buy" rating and a price target of $5.00.
Zynga recently partnered with Honda Motors to launch its first reward-based mobile advertising program. Players of "Words with Friends" and "Scramble with Friends" will earn extra tokens and in-game currency by finding Honda-related words. "Reward-based advertising is a concept we leverage with tremendous success in our web games, so we are thrilled to offer our first-ever mobile reward advertising program to promote the all-new 2013 Honda Accord," said Julie Shumaker, VP of Global Brand Sales.
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1 Year Glu Mobile Chart |
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