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Ban was lifted early last year but Xbox ONE was only launched late last september and only had 100k units sold for launch and pre-order, compared to 30k units for their Japan launch. Not very popular due to expensive console/accessories and games but is available in many cities and shops.
PS4 is about to launch and it has taken long time as apparently lotsa red-tape for launching a console in China. They planning on launching in the F.T.Z. first.
PS4 is likely to do better than XboX in China. However, most chinese gamers play free games, with those who can afford it paying for the in-game purchases. Gaming in China is still mainly multiplayer PC games based (70%) with browser and mobile gaming about equal, 15% each. Total gaming market was worth about RMB30billion+(figures from last year) and expected to continue growth. So there is definitely a wall to climb for console gaming. But there are also a lot of wealthy chinese who will be contributing their parents $$ to the console market and handheld market.
Despite not much growth, CDW still has very very high net cash value(80% Mcap) despite the 30% rise in share price since last year, some discount to NAV still and high but sustainable div yield.
-v-
PS4 is about to launch and it has taken long time as apparently lotsa red-tape for launching a console in China. They planning on launching in the F.T.Z. first.
PS4 is likely to do better than XboX in China. However, most chinese gamers play free games, with those who can afford it paying for the in-game purchases. Gaming in China is still mainly multiplayer PC games based (70%) with browser and mobile gaming about equal, 15% each. Total gaming market was worth about RMB30billion+(figures from last year) and expected to continue growth. So there is definitely a wall to climb for console gaming. But there are also a lot of wealthy chinese who will be contributing their parents $$ to the console market and handheld market.
Despite not much growth, CDW still has very very high net cash value(80% Mcap) despite the 30% rise in share price since last year, some discount to NAV still and high but sustainable div yield.
-v-
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com