| Glu Mobile bring 'Speed Racer' and 'Dark Knight' to Nokia
Nokia and Glu Mobile Inc. (Nasdaq: GLUU), a leading global publisher of mobile games, today announced its initial line-up of games to be launched on the N-Gage platform in 2008. The titles launching are based on two major forthcoming films from Warner Bros. Pictures, 'Speeed Racer' and 'The Dark Knight', as well as Super Slam Ping Pong, a new original Glu title in the spirit of Glu’s runaway hit, Super K.O. Boxing! "We're pleased to bring these key titles from Glu to N-Gage," said Alex Galvagni, senior vice president product development and chief technology officer, Glu Mobile. "N-Gage is a great innovation in mobile gaming technology, and this line-up of games from Glu utilizes the platform capabilities to offer richly rewarding game experiences." "These three titles are valuable additions to the N-Gage platform, and will deliver exciting gaming experiences for N-Gage players," said Gregg Sauter, Director of 3rd party publishing, Nokia.
Nokia powers as competition wilts
While rivals are foundering, the Finnish giant's market share passed 40 per cent at the end of 2007 and could already be closer to 42 per cent, analysts say. Either way, chief executive Olli-Pekka Kallasvuo is hungry for more. Nokia sold 437 million phones last year, 26 per cent more than in 2006 and almost as many as its four nearest rivals combined. There are now 1 billion Nokia phones in use around the world - one in every three. Nokia's lean logistics system means it swallows up 70 per cent of the profit from phones sold by the big five. It is still best known for its trademark block handset, which can be mass-produced cheaply and shipped in giant volumes to new markets. That's how the giant can make a profit from phones that sell for only 20 ($44) in those markets.
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