My son is a reincarnated soul; I overheard his inner thoughts and became the richest man.
Chapter 105 Stock Price Soars! Fengtian Technology Goes on a Sell-Off!
With its strong reputation in the MP3 field, coupled with the E1's powerful configuration that rivals or even surpasses that of major international brands in the same price range, Fengtian Mobile's launch performance was nothing short of a carnival.
Not only in Shenzhen, but also in first-tier cities such as Shanghai, Beijing, and Guangzhou, long queues have formed in front of Fengtian's directly operated stores.
This spectacle of "queuing overnight to buy domestic products" immediately attracted the attention of media reporters with a keen sense of smell.
Newspapers, television, and portal websites all followed up with reports, inadvertently providing Fengtian Mobile with invaluable free publicity.
On online forums, related discussion threads have grown to a considerable length.
"Wow! Fengtian Technology quietly made a big splash? If I hadn't read the newspaper, I wouldn't have known they released a mobile phone."
"To be honest, that E1 slider phone is really beautiful. I originally wanted to buy a Samsung E708, but after touching the E1 in the store, I immediately changed my mind. It has better specs and is over a thousand yuan cheaper. Isn't supporting domestic products a great deal?"
"Indeed, I trust Fengtian's quality control. My F1 player is still like new after two years of use."
"Hehe, you guys can take your time queuing up. I went all in on Fengtian Technology stock last week. With phones selling so well, the stock price is bound to soar."
"The person upstairs is awesome! I heard there's a ruthless guy who went long with 10x leverage. If this wave goes up, he'll probably be financially independent right away."
......
The capital market always has the keenest sense of smell.
When news of "Chinese consumers queuing up to buy Fengtian mobile phones" reached the other side of the ocean, Nasdaq instantly erupted in excitement.
The stock price surged immediately upon opening.
Fengtian Technology's stock price soared like a rocket, rising from $44.2 to $51.9 at one point during the day, and finally closed with a gain of more than 16%.
In the following days, the positive effects continued to develop.
The stock price surged, reaching a high of $57.9 in just three trading days, and the total market capitalization broke through the $80 billion mark.
Those gamblers who dared to leverage their bets did indeed make a fortune.
For example, the netizen mentioned in the post used tens of thousands of dollars as principal to generate hundreds of thousands of dollars in profit, earning enough to buy an apartment in Beijing's Second Ring Road in just a few days.
However, for Chen Feng, these were just fluctuations in the numbers on paper.
His current focus is entirely on production capacity and supply chain.
Inside the CEO's office.
Lin Wan and Zhao Ya were hurriedly reporting the latest sales data.
"Mr. Chen, the level of popularity has completely exceeded our expectations."
Lin Wan handed over a report, "The first batch of 200,000 G1 units and 200,000 E1 units, at the current consumption rate, will probably run out in half a month, let alone a month."
"Especially E1, in first-tier cities, it's almost always empty after each batch."
Chen Feng nodded slightly: "Then we'll place an additional order. What did the OEM manufacturer say?"
"I've already contacted them."
Lin Wan glanced at Zhao Ya beside her and continued, "After discussion, we have decided to place a second order: 500,000 units of each model, totaling one million units."
"Isn't this number... a bit conservative?" Chen Feng asked rhetorically.
Based on the explosive growth in the first week, one million units doesn't seem like much.
Zhao Ya picked up the conversation and explained, "President Chen, we've analyzed the user profiles. The main force behind the first wave of purchases was mostly loyal fans of Fengtian Technology and high-spending groups in first-tier cities."
"But once this craze passes, the sales curve will definitely decline."
"Currently, our channels in second- and third-tier cities are not fully developed, and the purchasing power in these markets is not as strong as in first-tier cities. Therefore, to avoid the risk of inventory backlog, we feel that placing orders in batches is a more prudent approach."
"If we can sell all of these one million units, plus the first batch of four hundred thousand units, by the end of the year, we will be living a very comfortable life."
After listening, Chen Feng nodded approvingly.
Indeed, the biggest fear in the mobile phone industry is inventory backlog.
Electronic products depreciate quickly; once you hold onto them, they're just scrap metal.
"Okay, we'll do it your way, proceeding steadily and surely."
Chen Feng made the decision.
Actually, if you do the math, the sales target of 140 million units is not an exaggeration when considering the overall market in 2003.
It's worth noting that last year, China's domestic mobile phone production exceeded 1.3 million units, and actual domestic sales reached over 6000 million units.
In the era when Bird was hailed as the "fighter jet among mobile phones" and TCL dominated the market with its Gemstone phone, domestic mobile phones were in a golden age of rapid growth, occupying half of the market.
As a latecomer, if Fengtian Technology can achieve sales of 140 million units, its market share will only be about 1%. However, considering that this is its first year and it is focusing on the mid-to-high-end market, this achievement is enough to attract attention from the industry.
After all, the industry is changing faster than turning the pages of a book.
Living and making money is the only real goal.
"By the way, Mr. Lin, how's the data performance of the ringback tone service in cooperation with the two major telecom operators?"
After discussing mobile phone production capacity, Chen Feng casually asked a question.
Mentioning this, Lin Wan's face immediately lit up with a smile: "President Chen, this business is simply a dark horse. China Mobile has only been promoting it in four pilot provinces and cities for a little over three months, and the revenue curve has already skyrocketed."
"In July, our share of the profits exceeded three million. At the current rate, breaking five million in August is a certainty!"
"More importantly, the mobile headquarters has seen the benefits and is preparing to expand the business to all provinces and cities across the country in the coming months. Once that vast network is in place, revenue in this area could experience an exponential surge."
"China Unicom is a bit slower. Although an agreement has been signed, their ringback tone platform is still being tested and is estimated to go live by the end of this year or early next year."
Chen Feng nodded in satisfaction.
Remembering the "hundreds of billions" ringback tone market his son mentioned, he felt even more confident.
Fengtian Technology has bought out a massive amount of music copyrights in advance, and now it's like sitting on a gold mine; all they have to do is bring sacks of money.
......
September has quietly arrived.
A whirlwind known as "Internet Hit Songs" began to sweep through the streets and alleys of the country.
Whether it's a brand-name clothing store on a bustling commercial street or a "two yuan, all two yuan" general store in a rural-urban fringe area, the same few catchy tunes are playing on a loop from the big speakers at the entrance.
"I love you, I love you like a mouse loves rice..."
"My dear, fly slowly, watch out for the thorny roses ahead..."
"Pig, you have two nostrils..."
These songs with simple lyrics and catchy melodies have quickly taken over people's auditory senses like a virus.
Students, migrant workers, and even taxi drivers are all humming these tunes.
Online, these songs have dominated search and download charts.
In Beijing, Shanghai, Guangdong, and Zhejiang—regions where ringback tones are already available—these catchy tunes have become popular downloads.
Every day, tens of thousands of users send text messages, replacing the monotonous "beep beep" sound with these trendy tunes.
Achieving over 10,000 daily downloads for a single is just the beginning.
Although Chen Xiaotian couldn't see the operator's backend data, he was already overjoyed as he walked home from school, listening to the songs coming from the shops along the street.
What's filling the streets isn't singing, it's RMB!
Once China Mobile expands its services nationwide, the account balance of Zhongshen Entertainment will be off the charts.
......
On August 31, Chen Feng received a phone call from his father back home.
"Ah Feng, I have something to tell you. Your aunt's cousin, Qiangzi, is getting married on the 20th of next month. Could you possibly come back for a visit?"
The father's voice carried a hint of probing, after all, his son was now the richest man in the country and was very busy, so he might not have time to care about such trivial family matters.
Chen Feng laughed, "Dad, look at what you're saying. Qiangzi used to follow me around all the time when he was little, so as his cousin, I'll definitely be there for his wedding. Don't worry, I'll make time for it."
After hanging up the phone, Chen Feng felt a surge of warmth in his heart.
Returning home in wealth and honor is like wearing fine clothes at night. Besides, he genuinely missed his cousin who used to follow him around like a shadow when they were kids.
I had just put down my phone when there was a knock on the office door.
The person who entered was Gu Qingcheng, the general manager of Fengtian Software.
"President Chen, I'm here to report on my work." Gu Qingcheng was dressed in a professional suit, looking capable and elegant.
Chen Feng was somewhat surprised.
He didn't have high expectations after transferring this capable lieutenant to head the software company.
After all, before the widespread adoption of smartphones, the electronic map industry was a typical example of a sector with high investment and low returns.
"Oh? There's been new progress on the software side?" Chen Feng gestured for her to sit down.
Gu Qingcheng smiled slightly and handed over a document: "It's good news. Although our map is mainly for future mobile deployment, we've found a new monetization channel at this stage."
"Not long ago, we successfully obtained the Class A surveying and mapping qualification issued by the State Bureau of Surveying and Mapping. With this qualification and our high-quality data, we successfully entered the automotive OEM market."
"Just yesterday, Fengtian Software officially signed a strategic cooperation agreement with Alpine. In the future, the in-vehicle navigation systems that Alpine provides for brands such as BMW, Mercedes-Benz, and Honda will fully utilize our map data."
Upon hearing this news, Chen Feng's eyes lit up.
Alpine is a global automotive electronics giant, and winning their order means that Fengtian Software's data quality has been internationally recognized.
"Well done!"
Chen Feng was generous with his praise, saying, "Although we're preparing for the mobile phone market, the in-car navigation market is also quite large. Since we can recoup our losses in the B2B market, we don't need to keep burning money."
"Keep it up and strive to secure more partnerships with car manufacturers."
"Understood!" Gu Qingcheng nodded in agreement.
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