BeardedDragon said:
AngryLittleAlchemist said: Too lazy to actually read the OP's link in full. Is this just because Sony has other ventures that aren't as successful? If they went console/games-only wouldn't they be above Nintendo? Either way, congratulations. |
Hahaha wtf, if that was true why would Sony not just close their other markets and only concentrate on their gaming branch?
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What? No. People are overvaluing what this means. Many companies reinvest their profits and diversify their interests. Amazon, for example, has long emphasized growth and revenue over profitability. They opt to increase their holdings rather than accumulate cash.
This isn't like a person becoming "rich". Cash on hand is rarely the goal of a business. From the source article (google translated) - "On the other hand, I am not simply rejoicing that net cash is accumulated. It is because there are views that it is holding back cash on hand in the sense of investment for growth and return to shareholders. Because financials are sound, everything is not all right."
What this basically means is that Nintendo doesn't spend. They'd rather put money in the bank rather than become a more powerful or multi-dimensional company. There are, of course, positives and negatives to that approach. To each their own business philosophy but that also means direct comparisons don't make much sense.
On a personal level, I think it would bug me a bit, if I were a fan, that Nintendo often falls behind industry standards. They have enough money to spent that such lapses should never happen.