Sony on PS3 price: We've a business to run

[Words Of Wisdom]

ymeaga1n said:

Words Of Wisdom said:

ymeaga1n said:

Words Of Wisdom said:

SmokedHostage said:
Shareholders > Consumers...

Sounds familar

Wow, what a pathetic post.

Start a business giving away free food all day long and see how long it lasts.

Sony is focusing on paying the bills and cutting losses which is exactly what they need to do if they want to convince those shareholders to invest in another Playstation game console.

I don't get why you're critcizing your quoted post, he's saying the same thing you are in 5 words.

I'm saying that it's not as simple as that.  You can't say that Sony isn't furthering the interests of its consumers by staying in business.  It's not one or the other, if you can't do the former than you can do neither.

Furthering the interests of its consumers? Now that is a phrase I have never heard, and frankly I don't think the interests of the consumers matter. The shareholders are the owners of a company. How often do you hear of a major corporation sacrificing its profit because it’s in the best interest of their customers?.

 

A company’s sole existence is to be profitable and to further the interests of its shareholders that have money invested in the company.

A company is heavily defined by the interests of the consumers. 

If consumers demand 50" TVs instead of 40" TVs, sales on 40" TVs will go down and the company will sell fewer of them.  If a company fails to cater to its consumers demands beyond an acceptible level, they turn to alternatives and the company goes out of business.

You seem to think that a company needs to sacrifice profit to meet consumer demands when in reality, meeting those consumer demands at an acceptible level is the key to profiting and survival.  Of course, something to keep in mind is that what we as individuals feel is acceptible and what the market as a whole sees as acceptible are often somewhat different.