@GhoX said:
@Suppaman100 said:
@GhoX said:
@Suppaman100 said:
I always laugh at the doom posts about Sony.
Did you know that Sony's in the insurance business? Probably not, well that's their biggest income. Look at this video for more info. Sony is fine but not as big as in the past.
Read my post instead of skipping it, thinking you already know its content.
I pretty much wrote that the only reason Sony isn't dead is because of their financial services segment. Still, that's their only segment making a significant profit. They literally would be better off financially if they drop everything else.
They also make a lot of money with their movie/music branch.
Not really. All of the other profit-making segments combined together make less profit than their financial services. Then there's their mobile and home entertaining, which are draining more than half the profit the company makes. Overall though, the gaming division PS belongs in makes less than 2% of the net profit. Its net profit on the other hand is around 1.4% of its revenue. That's an astronomically low level of profitability.
I'll conclude with what I already wrote in my original post: Sony is in pretty bad shape, but whether it survives or not will most likely not depend on the video game industry.
I think you look at it a little grim. Sony's situation is OK.
Let's look at the facts: (source: the interview with Kaz Hirai I posted; it's from 5/2013 so still relevant)
Sony's profit (10 years)
Life insurance : + $ 9.07 Billion
Film and music : + $ 7 Billion
Electronics : - $ 8.5 Billion
So I don't really understand why you say that the Film and music branch is in bad papers. The only bad branch they have is the electronic branch, which they hopefully can turn around into something profitable. The new Xperia is selling well and PS4 seems to have a good future.
Conclusion: Sony as a whole is fine, yes their electronic branch isn't doing well but hopefully they can turn that around.
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