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FEB 21, 2013 - Yahoo! News

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Shocker: Mobile games now generate more revenue than games for portable consoles

Games for the Sony (SNE) PSP, PS Vita and Nintendo (NTDOY) 3DS consoles have one distinct revenue generation advantage: They are hellishly expensive. Mario Kart 7 will set you back by nearly $40. In contrast, more than 90% of the most popular mobile game apps are free downloads. Yet App Annie, a leading mobile app data firm, now says that in the fourth quarter of 2012, the revenue generated by iOS and Google Play apps topped the revenue generated by Nintendo and Sony portable games. App Annie has a strong grip on the mobile app market since its diagnostic tools are used by more than 80% of ... Read More

Tags: Shocker: Mobile games now generate more revenue than games for portable consoles,  Nintendo Latest News