CORAL SPRINGS, Florida, - (http://www.financialnewsmedia.com News Alert) - The mobile games - downloadable gaming apps industry has drastically evolved in last decade from a market dominated by video gaming consoles and online publishing giants, to an explosion of new and disruptive mobile apps and platforms. Industry experts feel the market may continue to explode, with a stable group of games developers and publisher in the top grossing charts set to dominate for the next few years such as Tapinator, Inc. (OTC: TAPM), Electronic Arts Inc. (NASDAQ: EA), Microsoft Corp. (NASDAQ: MSFT), Activision Blizzard (NASDAQ: ATVI) and Sony (NYSE: SNE).
Tapinator, Inc. (OTC:TAPM), a designer, developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, recently announced that, through a new publishing partnership with Tamatem, Inc., it plans to enter the $680 Million Middle East and North Africa (MENA) mobile gaming market. According to Strategy& (formerly Booz & Company), The MENA market for mobile games is expected to more than triple in size in the coming years - from $680 million in 2015 to $2.3 billion in 2022. Tapinator and Tamatem will kick off this partnership via the December 2015 launch of localized versions of Tapinator\'s hit mobile games, Cop Duty Simulator 3D and Trucker Parking 3D. Read the full TAPM press release and the most recent 3rd Qtr Financial Report at http://www.financialnewsmedia.com/profiles/tapm.html
Tapinator also released Third Quarter 2015 Financial Results this week with Q3 Revenues of $728,000 representing an increase of 191% Year-Over-Year. \"Tapinator continued to show significant business expansion in the third quarter of 2015,\" stated Tapinator CEO, Ilya Nikolayev. \"Our quarterly revenues grew 191% year-over-year and 18% quarter-over-quarter, representing our sixth consecutive quarter of at least double-digit sequential revenue growth. Our revenue expansion can be attributed to both the continued broadening of our rapid-launch games portfolio, as well as our continued investment into a small number of full-featured titles that we believe have significant franchise potential. In addition to our very strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA of $73,914 in the third quarter...
$TAPM News - Mobile Game Apps Forecasted to Generate More Revenue Potential Than Video Online & Console Games Reaching $40 Billion by 2018
November 13, 2015 at 12:38 PM EST