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Angry Birds reaches half a billion downloads
by Steve Watts, Nov 02, 2011 11:15am PDTThose who have never downloaded or played Angry Birds are quickly becoming a minority class, as Rovio has now announced new milestone. The game has now been downloaded 500 million times. That's a big number, proving that people just can't get enough of slinging feathered kamikaze birds at greedy green pigs.
The noteworthy achievement here is how the game seems to be bucking the trend of progressively slower success and instead picking up speed. In early September, it had achieved 350 million downloads. It launched in late 2009, meaning that it took almost two years to reach 350 million, but only two months to stack on another 150 million. Of course, it can't hurt that it comes in multiple flavors, and is available on just about every platform.
Still, Rovio took the opportunity to give their wunderkind a hearty pat on the back. "This is a fantastic landmark achievement for us, and we're extremely delighted to see such an incredible amount of people enjoying our games," said CEO Mikael Hed in the announcement. "We remain committed to creating more fun experiences and bringing exceptional quality to Angry Birds Fans everywhere."
Currently Rovio is planning the grand opening of an Angry Birds retail shop in Helsinki, Finland, which will specialize in Angry Birds merchandise. Meanwhile, the company has acquired an animation studio to produce cartoons. This is happening, people. This is happening.
Comments
Angry Birds has reached the 500 million downloads milestone, just months after announcing 350 million.
Angry Birds has reached the 500 million downloads milestone, just months after announcing 350 million. : Shacknews
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Most fundamentally, valuation is the the process of estimating what something is worth Totally stolen straight from wikipedia. There are many ways of doing it. Because it's an estimate, it can absolutely be wrong.
When a company is public, it's easy for someone to say "this company's valuation is this, and here's how I determined it," because the information needed to determine valuation through most types of calculations is readily available--the results are repeatable. The valuation could still be wrong for any of a number of reasons. It happens all the time--especially when their valuation is derived strongly from expected future earnings and less from current or historical profitability.
When a company is private, the information to determine their valuation is not publicly available. They can say their valuation is whatever the hell they want to. They could genuinely believe it. Or they could be trying to drive up the perceived value of their brand prior to a round of fund raising--either through private equity or through an IPO.
What you're talking about is simply value: Is the company worth X? That's obviously a market question--the company has said "we think we're worth X, would you like to buy shares?" I don't dispute this at all. If people agree, then the value was reasonable to them and the market has spoken (as you've said).
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