A day after Glu Mobile said it would shed staff and cut CEO Greg Ballard’s salary to prepare itself for what it called the “increasing economic headwinds” facing the sector, its larger rivals Electronic Arts and Gameloft, told Reuters that the market is doing fine, thank you very much. A Gameloft (EPA: GFT) spokeswoman said “it’s all going well,” while EA’s mobile business head Barry Cottle went further: “Mobile games are actually thriving right now,” he said, dismissing the idea that declining handset sales had hurt the market. He added, however, that while it was “too early” to tell what sort of impact the weakening economy would have on the company, so far, they had grown in all regions, including Europe where handset sales have dipped. 

So what accounts for this disconnect? More on this issue on mocoNews.