AMD is the real winner!
CFO of AMD says that there will be 40 million consoles sold in 2014, and AMD will earn profits from ALL except PS3.
China announced 6 months ago they would finally open their market to game consoles.
MSFT is investing $200 million to create content for the Chinese market.
When China opens up the spigot, Console sales will double to 80 million total a year.
AMD will earn about $20 per unit sold.
80 million times $20= $1.6 billion = $2 share EPS
AMD will be a $50 stock in 2015!!!
Microsoft will be selling the xbox One in China September 2014.
Sentiment: Strong Buy
In Chinese market, it will be easy 1million launch day.
How many mega cities (10mil or more population) is in China? Rich Chinese people mainly live in the mega cities.
1 Shanghai Shanghai 22,315,426
2 Beijing Beijing 18,827,000
3 Chongqing Chongqing 15,294,255
4 Tianjin Tianjin 11,090,314
5 Guangzhou Guangdong 11,070,654
6 Shenzhen Guangdong 10,357,938
7 Wuhan Hubei 10,120,000
Just for reference. LA has 17.2mil and NYC has 21.6mil
NOBODY on Wall st understands AMD!
Well said, Chinese Market will open up in early 2014 and FYI MSFT is one step ahead in China to capture GC market.