Com2uS posts record quarter, sees smartphone sales increase 325% Y-o-Y to $17.6M
South Korea’s Com2uS is reporting record high quarterly sales and profits for Q2 2012, with revenue increasing 158 percent year-over-year to KRW 22 billion ($19.7 million), and net income increasing 490 percent year-over-year to KRW 6 billion ($5.31 million).
Com2uS’ revenue and net income also increased significantly quarter-over-quarter, with revenues up 96.4 percent over Q1’s KRW 11.2 billion and net income up 57.8 percent over Q1’s KRW 3.8 billion.
The company credited the increase in sales and profits to its growing lineup of social smartphone games and to switch to the free-to-play model, highlighting the performance of Tiny Farm, Derby Days, Monkey Battle (Swing Shot in the U.S.),
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