Rovio’s downturn signs the end of 1p mobile gaming

Rovio reported their Head of Games left the company one week after reporting a highly disappointing round of quarterly earnings. Just over a week after Rovio warned investors of a possible 2018 operating margin between 9 and 11 percent. Their forecast was below 2017 operating margin which ended up being 10.6 percent. News during the company's earnings call sent the stock into a downward plunge.