Gameloft concentrating more on iPhone

  • By Mr Sandeman on Aug 29,2008

Gameloft, iPhone, iPod TouchRed Herring reports that Gameloft is counting on the iPhone for better financial results this year. On Thursday they reported a net loss of 1.2 million dollars on sales of 74 million dollars for their first half of 2008. Last year they still had a net income of 50,000 dollars.

“These strategic investments pave the way for the future growth of the company, especially in the ‘rich games’ segment that was launched in 2008 on high-end phones (iPhone, N-Gage, Instinct, etc.) and on downloading consoles (Wii, Xbox 360 and PS3), which is expected to fuel growth in the second half of 2008 and in following years,”

Gameloft currently has seven games out for Apple’s iPhone and iPod Touch.

Source: Gamebabl