LOLOL guess I scared him away. scared me away? With that lame line? LMAO. I don't care if you weren't talking to me, my comment was relevant to the situation and was said out of experience. No need to get so butt hurt over someone calling you out on something. Keep on belieivng your horrible logic, I don't care. School is stupid!!!
[QUOTE="JohnF111"][QUOTE="KC_Hokie"]Sony claims to be sitting on $12 billion in cash which makes zero sense too. How can you lose billions for three of the last six years and sit on that much cash.
KC_Hokie
Well they had 14+bill the year before, they had to repair a massive network hack and bunch of other things, now they have 12bill. Seems fair i guess. Apple supposedly has 50bill in cash doing nothing so can't be that difficult for Sony to have 12bill.I just question what 'cash and cash equivalent' means. It's self-reported and could mean something like short term stocks (their own). If they really had that much cash sitting around they wouldn't hesitate to outspend their rivals in console development.
The Cell CPU for example cost Sony an estimated $400 million. Sony has stated they won't spend that kind of money on the PS4. I bet they would spend it again if they actually had $12 billion in cash or cash assets.
Why would they do it again if it's doesn't generate any profit for them? Even if they have $12 billion in cash.
[QUOTE="Cow4ever"][QUOTE="KC_Hokie"]Sony claims to be sitting on $12 billion in cash which makes zero sense too. How can you lose billions for three of the last six years and sit on that much cash.
KC_Hokie
It doesn't look like the lost that much money these 3 years. But don't ask me I just started 1 week ago with microeconomics. It was a big deal last April when Sony actually made money for a quarter. [http://www.fiercewireless.com/story/sony-ericsson-posts-first-profit-2008/2010-04-16]
Their net income for year ending 2011 was down $3 billion.
If I am not mistaken this is only about Sony Ericsson. And Ericsson has always been in trouble, Sony pretty much saved them.
[QUOTE="Cow4ever"][QUOTE="KC_Hokie"]I figured out what happened. The yen to USD convertion was off.
Sony's assets are $47,288 million [Source: http://www.stock-analysis-on.net/NYSE/Company/Sony-Corp/Financial-Statement/Assets]
Microsoft's are $108,704 [Source: http://www.microsoft.com//investor/EarningsAndFinancials/Earnings/PressReleaseAndWebcast/FY11/Q4/default.aspx]
Not even close. Not on revenue either.
KC_Hokie
Oh lol guess I was wrong. This explains it.Sony claims to be sitting on $12 billion in cash which makes zero sense too. How can you lose billions for three of the last six years and sit on that much cash. It doesn't look like the lost that much money these 3 years. But don't ask me I just started 1 week ago with microeconomics.
[QUOTE="JohnF111"][QUOTE="sethman410"] That's how much they made? That's surprising if so.sethman410
Oops sorry forgot to say those are assets. Which the guy saying Sony had more sounded wrong on all points, i was surprised to see he wasn't purely based on both companies. What are assets? Googled this, but still don't get it lol. Hopefully it's easy to explain. I'm not sure but it's like all the money a company own and all the factors which have an economic value. So basically it's what they are capable of investing. Or something like that I dunno lol
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