23 Feb 10 Free to play company ngmoco makes lots of money on iPhone apps

It’s hard to believe that free-to-play iPhone games with in-game purchases can make just as much money as an app that has to be purchased, but a startup company known as ngmoco has made about $25 with their games.

The company has recently been bought up by Freeverse, who has created some other successful games for the iPhones. Something tells me that the play-for-free with paid bonuses is going to be the typical business model from now on.

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Tags: free-to-play, freeverse, ngmoco