March 10, 2016 Comments Off on Supercell’s super profit of $924 million
Surpercell, a gaming company based in Finland, announced it earned $924 million in profits and $2.3 billion in revenue in 2015 from its mobile app games Boom Beach, Hay Day and Clash of Clans. Clash of Clans is one of the highest grossing mobile games of all time and Supercell itself is one of the most valuable gaming companies in the world. Softbank, which bought a $1.5 billion stake in the company in 2013, bought an additional 22% stake at a valuation of $5.5 billion in June last year. Supercell is a unique company in the mobile gaming industry because it has been able to achieve success with not just one game, but three games, considering there are thousands of games to choose from at the app store. The formula to success seems to be a combination of well-made games, which are free-to-play, addictive, have beautiful art and don’t take up too much of your time.
You can read more about Supercell here.
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