Yeah but you fail to take into consideration programming for up-coming apps...thats called increasing market share...and its a proven strategy for MRNJ.
As devices evolve and the industry matures, apps are becoming more complicated and expensive to produce, thats why out of all new apps only 2% are created by new developers...MRNJ is an already established leader in the top .1% out of 600k..very few could catch up no matter what they spend.
MRNJ already has very prime app real esate with over 2000 apps dveloped. If each one is converted into a mega app they could easily have 10 to 20x the daily sales they are doing now. I am sure they are working on it.
Actually most other app companies on the pinks are not profitable, and don't have a growth rate like MRNJ, and don't really have many apps or downloads. MRNJ is for real, unlike 99% of pink app companies.
Hoading cash is not a good idea at this stage in the company's developement, they need to get as much marketshare as possible, so putting revs back into buying content, new programming and advertsing is the way to go. Even Apple didn't start hoarding cash until late in its developement.
Of course proof is in the pudding, and MRNJ has many verifiable third-parties backing up everything they say. You can check ranks on a daily basis on many sites.
Record Ranks usually means record sales, just like in any media industry.
#1 Single...lots of sales...#1 Movie...great quarter...
MRNJ probably has more apps in the top 200 than any other company or more than 99% of them.
Its the middle of summer, typically slow for apps, and sales seem to be holding up...being on track for at least 50% YOY growth...new deals...huge clients...
The industry only has a 30% saturation rate...very early in the game and MRNJ is in the sweet spot.
Notice volume and PPS creeping up...someone is getting the message...MRNJ is severely undervalued...even the shorts and critics know it.
For example the other app company someone tried to tout on this board only has a few apps, very few downloads in comparision and is not even in the same ballpark.
Team MRNJ knows what its doing and are exectuting like champs!
Amazing accomplishments for a tiny company, expect more great things to come!
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