Scalper1 News
Newly public King Digital Entertainment ‘s (KING) flagship “Candy Crush Saga” game is showing signs that its popularity won’t last, says an analyst who initiated coverage of the stock with a rating of neutral, or hold. The sugary smartphone game in Q4 accounted for about 78% of King’s bookings, a non-GAAP version of sales. That dependence on a single game “will inevitably lead to significant earnings volatility at some point, and our checks Scalper1 News
Scalper1 News