Chapter 812： Mickford's earnings conference, you talk about Yuxing Electronic Entertainment

Chapter 812 Mickford's financial report meeting, why are you talking about Yuxing Electronic Entertainment?

812

"The latest market share, Facebook has grabbed 20% of the smartphone market, other manufacturers have 20%, and we have 60%. We still have an advantage."

In the new year, Mickford held the annual general meeting of shareholders as usual.

As a listed company, Mikford must regularly report its financial report data every year, which is also responsible to investors.

Myron Keyes has complete control, but it is inevitable to take care of the mood of some of these funders.

"Myron, this is not a good signal. Last year, we had nearly 70% 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 the products on Facebook so popular? Have you and your team studied it well?"

Myron Keith said: "Please don't worry, this is only a temporary appearance, and now the smartphone market is still expanding, fluctuations in market share are inevitable in this state of expansion, and we are striving for General users, and Facebook is fighting for some more core users, which will lead to a slightly different development direction between us and Facebook, but when the entire market stabilizes, we can still maintain an advantage.”

On the side, Myron Keith's deputy also said: "Mr. Myron is right, you can look at our current financial report. Last year, our revenue growth ratio was 70%. The speed has skyrocketed, and Facebook has not fully announced it yet, but based on some of their detailed earnings reports 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 at hand and found that he was indeed very optimistic in terms of revenue growth, which reassured him a little.

But he immediately said: "But this facebook is still very threatening. Why are they developing so fast now? You should also give us some explanations."

Myron Keith's deputy said: "It's like this, Facebook is not fighting alone. Behind him is a company with equally good strength. This company is a company from Japan, called Youyou. Star Electronic Entertainment, I don't know if you are familiar with it."

"Youxing Electronic Entertainment? The one who makes games? Of course we know this. This is a well-known company on Wall Street. I have always kept a part of my money ready to invest in this company at any time. It's a pity that this company puts itself The protection is too tight, and so far, almost no one can take a stake in this company.”

In terms of revenue ratio, Yuxing Electronic Entertainment is simply a monster.

This company is not listed, and outsiders cannot easily probe the detailed data of the financial report, but Wall Street also has its own news channels, detailed data cannot be investigated, but rough information can still be investigated.

For example, the Japan Economic News has a data in bold font in the financial report data of external investment income.

Revenue from the entertainment industry earned $500 million that year.

Half of the 500 million US dollars came from the initial investment in Yuxing Electronic Entertainment by a major shareholder a long time ago.

The revenue alone can be hundreds of millions of dollars, how can this make people not envious.

And they only occupied a very small share of Youxing Electronic Entertainment.

However, Youxing Electronic Entertainment has not had any plans to continue accepting investment until now.

People are rich, but they are not bad for the money invested from outside.

Looking at this shareholder's somewhat envious expression, Myron Keyes felt a little uncomfortable.

The meaning of this shareholder seems to be that investing in yourself is just a spare tire choice.

As long as Yuxing Electronic Entertainment accepts investment, these guys will probably immediately wave the banknotes and throw them to Yuxing Electronic Entertainment.

Damn it, trying to get more money from these guys will take a lot of energy, but Yuxing Electronic Entertainment can get the favor of capital without any effort.

What's so great about this video game? Without strong enough hardware support, how could an excellent video game be born?

Myron Keith's deputy said: "It is precisely because of the intervention of Yuxing Electronic Entertainment that Facebook has greatly improved its operating system and software richness. We are somewhat weak in this regard, and we are an entity that attaches great importance to In terms of software, companies tend to be more open to other people’s research and development, and we do not have software and game-related research and development teams ourselves.”

The shareholder said: "However, video games are indeed a very lucrative field. If you look at Yuxing Electronic Entertainment, they can sell one million games at every turn. That is tens of millions of dollars in revenue. Among them, there are also many games that have exceeded 10 million sales, so this is hundreds of millions of dollars in revenue, how long will it take you to earn back if you sell mobile phones?"

"It won't take long to earn it back." Myron Keyes replied almost without thinking.

"Believe me, the potential of smart phones in the future is very large, and it is not less profitable than the so-called video games. Now it is only in the stage of expanding the market, and it has not really revealed the full potential of smart products, let alone hundreds of millions in the future. Dollar profits, tens of billions of profits are not a problem.”

Myron Keith still has a considerable voice in the company, and he is indeed a very insightful person. The smart product line he insists has always maintained revenue growth. After the shareholders present discussed it. Nothing more was said.

Anyway, now Myron Keyes can still ensure that his company is profitable, so they can still watch Myron Keyes continue to operate patiently.

And if there are any changes in the future, they are estimated to be the fastest.

When the    meeting ended, Myron Keyes felt quite depressed.

Today's earnings meeting was actually half of the time with a group of guys discussing Yuxing Electronic Entertainment and video games, and they obviously felt that the video game market was very promising.

This is really annoying.

But it's not good, but 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.

Looking at facebook to make money crazy with such a simple Candy Fun game, it’s fake that he doesn’t envy.

It's just that the overall strength of the team he recruited is a bit poor. Why is there no one who can reach the developer level of Zhuyouxing?

(end of this chapter)