Candy Crush Soda Saga Available For Android and Apple Users, Meanwhile JP Morgan Upgrades King Digital, And More News

Meanwhile, JP Morgan has upgraded King Digital Entertainment PLC on Monday from Overweight to Neutral and maintained a $20 price target.  Doug Anmuth led analysts in order to make the upgrade due to a compelling risk-to-reward profile.

According to these analysts, King has been gaining significant scale benefits around cross-selling, marketing and data that make the company more distant from smaller competitors. King keeps expanding while this is happening.

At the same time, Anmuth was highly enthusiastic about five upcoming game launches that are scheduled to begin from Q2. Candy Crush Soda Saga was expected to add 165 million dollars to the Q4 2015 bookings. The cannibalization of Candy Crush Saga from Candy Crush Soda Saga was also lesser than expected. According to the analysts, the peak period of cannibalization has now passed. There was a $300 million dividend payment in Q1 along with $150 million in share repurchases. In spite of that, the analysts projected an estimated $1 billion in cash by the end of this year.

Stay tuned for more updates on Candy Crush Soda Saga!