Mobile games companies going from stength to strength

"The mobile games industry it seems is not the volatile climate of start-ups and shut-downs that it once was. More mobile games companies are staying in the black and keeping their doors open for business for longer than ever before. According to The Multimedia Research Consultancy's data, about 53 per cent of all mobile games companies have now been trading for at least five years, with almost 20 per cent laying claim to more than seven years' worth of successful business. Interestingly, despite the fact that the industry is in apparent good health, the number of new start-up mobile games companies is down drastically from 451 new entrants in 2003 to a mere 78 last year. Still, it is quality not quantity that counts and the fact that fewer studios are opening can be seen as a reflection that the standards are higher and the market more competitive." Pocket Gamer, February 2008