Gameloft, other app developers significantly cut back on Android investment

“French mobile phone games company Gameloft said it and other software developers were cutting back investment in developing games and other applications for Google’s Android platform,” Tarmo Virki reports for Reuters. “‘We have significantly cut our investment in Android platform, just like … many others,’ Gameloft finance director Alexandre de Rochefort said at an investor conference.”

“Rochefort said the company has cut back on investment mostly due to weaknesses of Android’s application store,” Virki reports. “‘On Android nobody is making significant revenue,’ Rochefort said.”

Virki reports, “Games for iPhone generated 13 percent of Gameloft’s revenue in the last quarter. ‘We are selling 400 times more games on iPhone than on Android,’ Rochefort said.”

Full article here.