Since its humble beginning in the PC era the Finnish gaming industry has come of age. The industry has hatched slowly in the past ten years until last year it hit a slanting 57% annual growth rate. As predicted by the Mobile Game Developers Association\u2019s annual growth rate estimate for last year in the Finnish industry continued to grow in the current year also.<\/p>\n
The daily revenues of Supercell Oy , a strong player, crossed the $500,000 a day threshold but Rovio Entertainment Oy\u2019s made its mark\u00a0 as a star performer among paid gaming application this year. It\u2019s \u201cAngry Birds\u201d and \u201cAngry Birds Star Wars\u201d were declared as the \u201cmost downloaded paid game\u201d and \u201cmost popular paid game\u201d for Apple Inc. (NASDAQ: AAPL). The competitors like Supercell followed suit by scoring the rankings of \u201ctop grossing gaming application\u201d in the US market.<\/p>\n
The increasing popularity of tablet devices has stirred up huge demand in the consumer market for computer and mobile phone games. Seton-Rogers general partner\u00a0 at Profounders capital\u2019s, said \u201cA shift in player preferences toward mobile phones and tablets, resulting in Rovio\u2019s success, gave the industry a shot in the arm. Setons Firm invested $30 million in a Finnish gaming promotions startup called amplifier. Grey area which launched shadow cities raised investment from Index Venture and London Venture. SuperCell also got a $12 million investment from the same investor that backed Facebook initially.<\/p>\n
When Nokia Oy\u2019s executes its downsizing plan upon its retrenchment it will leave behind a rich pool of engineering talent in a growth industry where market demand is already advancing at a fast pace. Nokia\u2019s departure is bound to heighten the competition in the local market as many smaller players will venture to meet increasing demand for products.<\/p>\n
Through platform like Startup Sauna the Finnish Game developers cluster and collaborate for global growth. The Non profit organisation has arranged for the Slush Nordic region\u2019s largest tech entrepreneurs conference in Helsinki, Finland.\u00a0 Aspiring entrepreneur who attends will gain from the guidance of mentors like Supercell CEO Ikka Pananenn and Ravio\u2019s Chief marketing officer Peter Vesterbacka who also Co founded Slush. President Jyrki Katainen of Finland also attended The Slush conference to show her Govt.\u2019s support support to the programme.<\/p>\n
Mylyrinne, CEO of Remedy Entertainment says embracing the competition is a good idea. \u201cWe\u2019ve started looking at tablets and mobile phones, there are fine opportunities for us to bring our knowhow\u201d he said. The Mylyrinne\u2019s company that beats Angry Birds to Time Magazine\u2019s Game of the year award last year has previously developed titles for Microsoft Corporation (NASDAQ:MSFT)\u2019s Xbox 360 and has also ventured in mobile game development through its renowned game Death rally.<\/p>\n
The Finnish gaming industry cluster and AngryBird success story have opened doors to international investment opportunities for the country\u2019s game development industry. New ventures do not have to move abroad for gaining funding from reputed US banks.
\nShare price of Apple Inc. (NASDAQ: AAPL) were up by 1.74% to close at $571.5, and shares of Microsoft Corporation (NASDAQ:MSFT) were up by 2.78% to close at $27.7.<\/p>\n","protected":false},"excerpt":{"rendered":"
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