812 Mickford's earnings meeting, why are you talking about Yuxing Electronic Entertainment?
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"The latest market share, Facebook has captured 20% of the smartphone market, other manufacturers occupy 20%, and we occupy 60%. We still have a great advantage."
In the new year, Mickford held the annual shareholder summary meeting as usual.
As a listed company, Mickford must report its financial report data regularly every year, which is also responsible to investors.
Myron Keys has complete control, but he still has to take care of the mood of some of these funders.
"Myron, this is not a good sign. Last year, we had close to 70% of the market share at the beginning of the year, but by the end of the year, this share was quickly taken away by 100%.
Tenth, why are Facebook’s products so popular? Have you and your team conducted a thorough study on it?”
Myron Keyes said: "Please don't worry, this is just a temporary appearance. Nowadays, the smartphone market is still expanding. In this state of expansion, fluctuations in market share are inevitable. We are working hard to achieve
General users, while Facebook is fighting for some more core users, which will lead to slightly different development directions between us and Facebook, but when the entire market stabilizes, we will still be able to maintain our advantage."
On the side, Myron Case's deputy also said: "Gentlemen, Mr. Myron is right. You can look at our current financial report. Last year, our revenue growth rate was 70%.
The speed has increased dramatically, and although Facebook has not yet fully announced it, according to some of their detailed financial reports for the last quarter, their revenue growth rate in smartphones is actually not as good as ours."
"Really?" The person who asked the question carefully took a look at the financial report data on hand and found that the revenue growth was indeed very optimistic, which made him feel a little more at ease.
But he immediately said: "However, Facebook is still very threatening. Why can they develop so quickly now? You should also give us some explanations."
Myron Case's deputy said: "This is the case. Facebook is not actually fighting alone. Behind him, there is an equally powerful company fighting together. This company is a company from Japan called Game.
Star Electronic Entertainment, I wonder if you are familiar with it.”
"Youxing Electronic Entertainment? The one who makes games? Of course we know this. This is now a well-known company on Wall Street. I have always set aside some money and am ready to invest in this company at any time. It is a pity that this company has put itself aside.
The protection is so tight that almost no one can invest in this company until now."
In terms of revenue ratio, Youxing Electronic Entertainment is simply a monster.
This company is not listed, so outsiders cannot easily examine the detailed financial report data. However, Wall Street also has its own information channels. Detailed data cannot be investigated, but rough information can still be investigated.
For example, the Japanese Economic News has a line of data in bold font in its financial report data on external investment income.
Revenue from the entertainment industry generated $500 million that year.
Half of the US$500 million came from the initial investment in Youxing Electronic Entertainment by a major shareholder long ago.
The income alone can reach hundreds of millions of dollars, how can this make people not greedy?
Moreover, they only hold a very small share of Youxing Electronic Entertainment.
However, Yuxing Electronic Entertainment has no plans to continue accepting investment until now.
If people have money, they don't need a little investment money from outside.
Seeing the somewhat envious look on this shareholder's face, Myron Keys felt a little uncomfortable.
This shareholder means that investing in oneself is just a backup option.
Whenever Youxing Electronic Entertainment accepts investment, these guys will probably immediately throw the money at Youxing Electronic Entertainment with all their teeth and claws.
Damn it, I have to spend so much energy trying to get more money from these guys, but Youxing Electronic Entertainment can get the favor of capital without any effort.
What’s so great about this video game? Without powerful enough hardware support, how could an excellent video game be produced?
Myron Case's deputy said: "It is precisely because of the intervention of Youxing Electronic Entertainment that Facebook has greatly improved the richness of its operating system and software. In this regard, we are somewhat weak. We are a serious entity.
Enterprises prefer to open their software to others for research and development, while we do not have software and game-related R&D teams ourselves.”
The shareholder said: "However, video games are indeed a very profitable field. If you look at Youxing Electronic Entertainment now, they can easily sell more than one million copies of a game, which is tens of millions of dollars in revenue.
There are also many games that have sold over 10 million units, so this is hundreds of millions of dollars in revenue. How long will it take for you to make money back by selling mobile phones?"
"It won't take long to make it back." Myron Keys replied almost without thinking.
"Believe me, the potential of smart phones in the future is very great. It is no less profitable than the so-called video games. It is still in the stage of market expansion and has not really revealed the full potential of smart products. Let alone hundreds of millions in the future.
Profit of US dollars or tens of billions is not a problem."
Myron Case still has a considerable say in the company, and he is indeed a very visionary person. The smart product line he insists on has always maintained revenue growth. After some discussion among the shareholders present,
He didn't say anything more.
Anyway, now that Myron Keys can still ensure that his company is profitable, they can still patiently watch Myron Keys continue to operate.
And if there are any changes in the future, they will probably be the fastest.
At the end of the meeting, Myron Keys felt quite depressed.
Today's financial report meeting actually spent half of the time with a group of guys discussing Yuxing Electronic Entertainment and video games. They all obviously feel that the video game market is very promising.
This is really unpleasant.
But it’s no surprise that the reputation and revenue of Youxing Electronic Entertainment are real.
People have this strength.
Even he now has to build his own game development team from scratch.
Seeing how Facebook was making so much money with such a simple Candy Fun game, it was fake that he didn't envy it.
It's just that the overall strength of the team he recruited is indeed a bit poor. Why is there no one who can reach the level of developers of Zhuyouxing?