theprof00 said:
| Wanderlei said:
Does anyone except rampant sony fanboys seriously think there is even the slightest chance? Vita needed to sell better than the PSP for any hopes of a successor. If Sony had someone competent to run the company they would have knocked it on the head already.
-Sony has 17 billion dollars worth of debt
-Sony's market cap value is only 18.5 billion dollars
-Sony share price is only worth 10% what it was 10 years ago.
-At its peak it was $200 per share, today only $17
-Getting destroyed by Samsung and LG in consumer electronics,
-Apple destroyed them with the iPod and iPhone
-Junk Status rating
-Lost well over $8 billion on the ps3, more than their ps1/2 profits combined
-Losing $2 billion plus on the Vita
-Sacked 50,000 people in last 5 years
-Sold both Japan and US headquarters to avoid an embarrassing 5 years lose streak
But now Sony are gonna pump money in to something that is guaranteed to lose them even more money?
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You talk as if you know almost nothing about stocks.
1. Sony had a split at it's 180$ price in 2000, going to 90 dollars. The jump to 180$ was already way higher than it should have been. From 40$ to 180$ in less than one year, which resulted from insanely inflated stock prices and news of playstation 2's incredible success. The drop was further exacerbated by global financial slowdown. If you don't trade stocks you really shouldn't comment on what you don't know. I see stocks go from 10$ to a hundred in a day and drop back to 40 within a couple weeks. It is normal in the stock market for prices to become outrageous because people called pumpers push lots of money into the stock, then they short the stock, and sell, causing a rippling effect among buyers.
You buy 1,000,000 shares in increments of 10,000 every 20 minutes, this causes lots of people to see price going up, so they buy, hoping to ride the wave. By the end, your million shares got 2,000,000 people to also buy shares. Then you short the stock, which means you borrow against the price, sell your stocks quickly, then suddenly those 2,000,000 people are negative, and more and more are selling sending the price down. Before you know it, the price is through the floor, and you borrowed at the top, which means you not only made 1,000,000 shares worth of increasing stock price, but you also shorted a million off the top. This is normal wall street pumping.
2. Samsung and LG are both Korean. Huh, I wonder if that's a coincidence. (I already looked this up a year ago, so forgive me if I don't spoon-feed you the info). The Korean won has never seen a degredation of currency value against the global recession. What that means, is that Korean companies make an extremely good margin on their products, which, gee, I guess allows them to sell at a much cheaper price. Funny how that works. Throw the major recession into the mix, where people are buying as cheap as possible, and guess what. Korean companies currently are one of the most predominant consumer goods manufacturers. And it's simple to see why, if you'd bother to have checked.
3. Apple destroyed everyone with iShit, and currently losing stock price and market share by the yard.
4.(lost over 8B$ on ps3). Source?
5. Losing 2B$ on vita. Source?
6. Sacked 50,000. Yep, the entire global economy almost had a depression. Obviously a luxury consumer goods manufacturer is gonig to feel it. Suddenly, after things getting back to normal, Sony goes from 10$ to 18$. Man. Do some research brah.
7. Sony will make another handheld, you can bet your ass on that, because it's not as clear as the extremely biased picture you present.
Say fanboy again, and you're reported.
EDIT: Oh, and I'll save you some time on those sources I asked for. They don't exist.
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