DirtyP2002 on 26 January 2013
| ganoncrotch said: they did also raise 1.2 billion dollars by selling their US offices, I mean it's great to see them doing things to right their bank balance but at the same thing they have money in the bank now and a 3 years of rent to pay on those offices after which they could be faced with a fairly expensive relocation to deal with. I guess it is just one of those things where investors are happy to see them take positive action and it's also a good time to buy into something when it's down so low. |
Sony has to make more drastic moves than they did. I still think they should sell some of their businesses and use that cash for more profitable ventures though.
And please don't forget that is is not so much a Sony, but a Yen-thing. The Yen weakened quite a bit, allowing Sony to have better margins. Here is a comparison between Sony and Nikkei. Their movement was not that much different.
Imagine not having GamePass on your console...
