Following on from a $5 million strong funding round at the end of 2010, social mobile developer Pocket Gems has revealed it has enjoyed its first month of multi million dollar sales.
The firm's freemium line up generates revenue from the sale of virtual goods, with Pocket Gems hinting that 2.5 million new installs across the course of the cash injection have helped to push such transactions beyond the $2 million mark.
Expanding entertainment
In total, downloads of the studio's games now number almost 18 million, with Tap Zoo consistently ranking as one of the highest grossing apps on iOS since its launch in September 2010.
"We have big plans for 2011 as we pursue our mission to drive the evolution of mobile entertainment," said CEO and co-founder Daniel Terry.
"By expanding our engineering and art teams, we will be able to accelerate our time to market while continuing to develop titles that are more engaging for customers and raise the bar on production values."
Such expansion has come in the form of appointments at its San Francisco office, with PocketGems claiming it expects to hire more than 40 engineers, artists and product managers by the end of 2011.
[This story, which originally claimed Pocket Gems had generated more than $1 million across the course of December, has been edited following a clarification from the publisher that revenue was actually in excess of $2 million.]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Top Stories
News
Jun 9th, 2024
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
WN Conference Istanbul 2024 | Jun 11th | |
ESI London 2024 | Europe | Jun 13th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |