M
Madoff
07 Aug 2012 16:47
Link
One of the highest gaining stocks on US exchanges yesterday was a China-based online game company. It's stock jumped when its quarterly report showed a 30% increase in revenue and a 17% increase in net income.
In US dollars, it reported $147.3 million in quarterly revenues and $70.2 million in quarterly net income.
Online games are becoming an important market. Some players spend more time playing games than watching TV. (For example, me.) Online games often are more thought-provoking and entertaining than TV.
I predict that they will take some market share away from TV and game consoles. That means more opportunities for online game programmers, players, and investors.
That company in Beijing now has cash reserves of $464.9 million and a market value of $1.24 billion. Dollars.
It started business in 2003, not long after Simcountry.
In US dollars, it reported $147.3 million in quarterly revenues and $70.2 million in quarterly net income.
Online games are becoming an important market. Some players spend more time playing games than watching TV. (For example, me.) Online games often are more thought-provoking and entertaining than TV.
I predict that they will take some market share away from TV and game consoles. That means more opportunities for online game programmers, players, and investors.
That company in Beijing now has cash reserves of $464.9 million and a market value of $1.24 billion. Dollars.
It started business in 2003, not long after Simcountry.