THQ bidding ends: Vigil's done, older IPs to be auctioned in a few weeks

[Kresnik]

oni-link said:

Let's be honest, Sony great decline in videogames (3rd place this gen) started when they entered the difficult handheld market.  With their current financial situation; it beffudles me that they chose to release a money losing handheld instead of staying with the still competitve (and profitable PSP).  The PS3 had just started becoming a profitable endeavor for them the last 2 years or so; and now they commit themselves to this resource hemmoraging platform.  I picked up X360 over the PS3 because I think Sony had lost focus on what's important and what they do good (consoles).  I hope they can regain that focus and comeback strong for the upcoming next gen of consoles. I hope all 3 platforms(720, PS4 and Wiii U) remain and sustain a healthy financial state; as we see it is sad when companies fail and good people lose jobs.

I don't disagree with much of that, but that's not what I'm saying.  Haxxiy's replies pretty much sum it up.  Sony are absolutely in financial trouble, but to attribute it to Vita is just nonsensical.  It's not helping their situation, but it is far from the reason Sony is financial trouble.

And I know it gets brought up all the time, but it still stands true:  Sony Computer Entertainment spent $375 million just over 6 months ago acquiring Gaikai.  Some of these studios in the THQ sale sold for as little as $2.5 million.  Financial trouble or not, to think that Sony couldn't afford that is just silly.

I'm not sure Nintendo have $10 billion in cash reserves anymore, either.  I remember in this Kowenicki thread he posted that "Nintendo cash reserves fell from $10 billion to $5.9 billion in the 12 months to March 2012", which he took from this document.  If they've made $4 billion in the past 6 months then this information is out of date, obviously, but I was under the impression Nintendo had been losing money lately, rather than making it.