Hendren Group comments as a thirteen-year game console ban is poised to be lifted, Sony and Nintendo ready to play with millions of new users.
Hendren Group is a financial management and investment company dealing with investment methods and strategies. Based in Tokyo boasting a large base of private clients and a well skilled team of advisors, they conduct research and then subsequently develop short and long-term systematic approaches to achieving optimum returns on investments for themselves, their associates and for their current client base.
“Hendren Group research analysts have looked closely at the numbers involved if the PlayStation and Nintendo Games consoles are freely available to an eager Chinese public. PlayStation 3 have just toped sales in excess of 78 million units worldwide and with similar numbers on other consoles like the Nintendo Wii the introduction of a population of 1.35 billion gives huge scope to potential new customers, China covers almost 20% of the world’s population the same percentage converted to new sales could see sales generated within the tens of millions,” said David Holmes Senior Vice President of Mergers and Acquisitions at the Hendren Group.
As early as last November there was hints that the Ministry of Culture, which is responsible for this legislation, was reviewing its policy by awarding Sony Corps PlayStation 3 a quality certification. More speculation that Beijing was shifting its stance was when Premier Li Keqiang, endorsed the new ‘Shanghai free trade zone’ it is widely expected that Sony and Nintendo will be granted permission to sell their game consoles provided they manufacture them within this free trade zone.
Premier Li Keqiang is keen to make the Chinese economy more open to the other countries around the world and to make the Chinese currency more widely used. This move is detailed in the blueprint for the ‘Shanghai free trade zone’ The Ministry of Culture will still have the last say on what games are available to the Chinese people. A government spokesperson made comment to investors visiting the planned site for the free trade zone implying that game restrictions would likely be applied to the youngest in society. Currently a number of games are age restricted and this looks poised to be a continuation of standard throughout China.
The Hendren Groups Senior Vice President David Holmes concluded saying, “The global console games market is a huge playground with an annual growth rate of 6.7 percent and with over US$70 billion estimated to be spent this year and up to US$86.1 billion by 2016 without taking the additional newly generated sales within China, this could amount to new gaming history. we will be carefully monitoring the progress and development of new sites to fulfill the requirements to enable this move to come to fruition and putting together investment strategies to best suit our client’s needs to include this potential gaming boom to their diversified successful portfolio’s.”
Hendren Group is set to continue to advise clients to acquire shares within the Asian markets adding to successful diversified portfolios.