WRIT Media Inc. (WRIT) Turns Old, Once-Popular Games into New Revenue
Gaming makes up the lion's share of the mobile software world, with consumers buying games more frequently than any other type of app. An analyst at Macquarie Securities recently stated that "[gaming] is more important than people realize, it's (actually) the fastest growing and highest margin business for Apple today." The category is expected to grow between 40 and 50 percent this year alone. However, legacy publishers in the video game industry have been a bit slow to fully embrace mobile gaming. No doubt the mobile gaming industry is hot. Digital games are ubiquitous and there are legions of new…