Cell phone content is all the rage nowadays, and the business isn’t showing any signs of slowing down. Going farther towards proving that point than anyone else, Mobile gaming company, Gameloft, has reported its 2006 profits are up over 2005 and things are looking good for 2007 as well. With an increase in its operating income from 2.3 million euros to 2.5 million, and the lack of any debt whatsoever, what’s next for the French mobile giant? More growth, it would appear.
Making mobile games out of popular TV and video game series, Gameloft (OTC:GLOFF.PK) has been steadily climbing since the company’s inception in 1999, and since analysts are predicting that the mobile industry is going to be worth $76 billion by 2011, it looks like they’re going to keep heading up. The companies 2007 sales forecast is at a steady 90-100 million euros, which will aid in their current international growth strategy. If their predictions are correct, 2007 should be their best year yet, hopefully achieving profitability of over 10%.
Comments have been disabled for this post