Glu Mobile (GLUU +2.9%) trades higher after CEO Niccolo de Masi tells Reuters he expects the...


Glu Mobile (GLUU +2.9%) trades higher after CEO Niccolo de Masi tells Reuters he expects the mobile game developer to get a lift from iPhone 5 sales. Masi notes Glu expects 2/3 of its 2012 revenue to come from iOS games (previous), and that Q4 '11 sales beat expectations because of strong iPhone 4S demand. He adds Glu plans to release 8-10 more mobile games through the end of the year, all of which will run on the iPhone 5.

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