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mBuyNow Revenue Growth Accelerated and Still Faces Challenges in the Future
The UK electronics store mbuynow has gained a quick development, while there still are many problems need to solve.
This RC Hobby store reported that till to June 30th, they have gained revenue of 35 million in the past six months, and has a growth of 10% compared with last year. mBuyNow said that the income growth in the first half of this year is mainly thanks to the sales of radio control helicopters kits, radio control electric motors, and RC lipo balance charger, which has made a great growth in sales.
The analyst says that due to the development of technology and science in plane field, the needs of RC toys and hobby accessories are also become popular. And mBuyNow.com is a store which specialized in offering these items for RC hobbyists. So mBuyNow is expected to benefit from the users expanding spending in the next few years. It is said that mBuyNow.com has collected 3 million customers and over 50 million visitors up to now, and it has opened its market to all over the world.
mBuyNow has run its business in selling RC airplane engines, and it has also brought a good sale for its income in the last few months. But there is still happened with some trouble. Mobile phone is also an important business for mBuyNow, however, due to the US government has published some policy limited the mobile phones' export. That no doubt has done something bad for mBuyNow. Last October, the United States Congress suggested that the operator avoids buying mobile phones from the online store in a report, it is said that an online store cannot insure the quality of the products.
So it is urgent for mBuyNow to expand other products, in order to have better revenue in the next months or years, mBuyNow.com should do more.
For more information contact:
mBuyNow Co.Ltd – Main Office Address
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