I'd like to update my previous estimates on World of Warcraft in the Chinese market. The9 Limited, the company which owns the license and operates WoW in China just announced earnings. In the conference call their CEO has stated that "As of March 31, 2007, over 7.5 million accounts have been registered and activated for the WoW game in Mainland China." This is much more than the previously estimated number of 3.5 million Chinese users.
In my last post I had also made a rough estimation that 70% of Chinese WoW users would also pick up the Burning Crusade expansion based on how the rest of the world has responded to that expansion. If we continue to use that formula we can expect 5.25 million Chinese users to also pick up the Burning Crusade expansion. (0.7 x 7.5 = 5.25)
Let's add that to the approximately 3.5 million Burning Crusade users announced in January and you have a conservative estimate of 8.75 million Burning Crusade users. This number does not account for future growth.
I'm not sure why there are huge block orders put in front of this stock but I believe they will be taken out shortly. I believe at the 811 DKP level this stock is still undervalued.
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In my last post I had also made a rough estimation that 70% of Chinese WoW users would also pick up the Burning Crusade expansion based on how the rest of the world has responded to that expansion. If we continue to use that formula we can expect 5.25 million Chinese users to also pick up the Burning Crusade expansion. (0.7 x 7.5 = 5.25)
Let's add that to the approximately 3.5 million Burning Crusade users announced in January and you have a conservative estimate of 8.75 million Burning Crusade users. This number does not account for future growth.
I'm not sure why there are huge block orders put in front of this stock but I believe they will be taken out shortly. I believe at the 811 DKP level this stock is still undervalued.
http://china.seekingalpha.com/article/36196
Full disclosure, I own shares of The9 Limited (NCTY).