No Recession for iPhone Game Apps
If anyone had doubts about the viability of a business that is purely focused on making videogame applications for Apple’s (AAPL) iPhone and iPod touch, venture capitalists aren’t among them. Ngmoco, known for iPhone games like puzzle-adventure game Rolando and word game WordFu, said on Monday that it raised $10 million in a new round of financing led by Norwest Venture Partners.
Game applications are among the most popular applications on Apple’s App Store, which lets users choose from thousands of software programs that developers have created for the iPhone and iPod Touch. Apple said last week that users have downloaded 800 million applications since last July, when the App Store opened. Out of the 25,000 apps available in the store, more than 6,700 of them are games, according to Mobclix, which analyzes iPhone application usage.