Gamevil earns $9 million in QII 2011

Gamevil, the South Korean mobile games publisher, has generated revenue worth $9 million in QII of 2011 with a net profit of about $3.5 million.

Gamevil says that the consolidated overseas revenue of the firm has gone up by 34% year on year and its smartphone revenues have gone up by a massive 259% to reach $5.5 million. This figure contributes to about 62% of the overall sales of the company. This comes as no surprise because smartphones are now driving the mobile lansdscape.

Gamevil’s biggest hit has been Air Penguin, an iPhone game while it has enjoyed great success in generating revenues through its existing franchises like Zenonia and Baseball Superstars.

Gamevil is hoping that its $10 million investment fund for external developers will help it grow further. This investment has already been utilized to fund games like Air Penguin, Chalk’n’Talk, Kami Retro and Train City with many more new titles being planned.


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