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According to the documents King Digital Entertainment filed recently, Candy Crush Saga generates a brain exploding $3.5 million EVERY DAY. That's $105 million per month. That's $1.26 billion per year. Please let that sink in for a moment. $1.26 billion per year, from a silly little iPhone game.
In 2011, just three short years ago, the entire company earned a grand total of $64 million. In 2012, the year Candy Crush Saga was released, revenues shot up to $164 million. In 2013 the company earned a staggering $1.88 billion. In 2014, the company is on pace to earn $2.5 billion. Just how much is enough for the King?
But the Wizard Behind Curtain is Activision Blizzard (ATVI) who bought King in November 2016
In the latest trading session, Activision Blizzard (ATVI) closed at $47.19, marking a +0.7% move from the previous day. According to Barons:
“Activision Blizzard stock is down nearly 40% from one year ago. But an attractive content cycle and less competition for this year’s Call of Duty title could make now a good time to step in, according to one analyst.”
Joe