Mobile Game Developers Enjoy Win Streak, but Analysts Are Skeptical
August 6, 2013 Leave a comment
08.05.2013 16:34
Mobile Game Developers Enjoy Win Streak, but Analysts Are Skeptical
Profits are up, investors are keen and acquisitions are plentiful, but experts say the good times have to end some time
Liu Ran and Zheng Fei
(Beijing) – The country’s mobile game industry is sizzling hot with cash from investors apparently undaunted by analysts’ warnings that the business is volatile and may be overvalued. Rarely can a startup company in any other industry make a profit in its first year, an investment banker said. In the mobile game sector, however, this is common. He said one company he recently visited was set up in 2011. It turned in a profit that year, and in the next its earnings hit 40 million yuan. Read more of this post