MikeB said: @ starcraft
Those Sony bankruptcy fear/prediction threads were just wishful thinking. In a worst case scenario (very far from reality) Sony could for instance sell its Blu-Ray assets, they could sell their movie studios, they could sell its banking business, etc, etc. |
You have just changed your argument substantially. I don't recall ever arguing that Sony would be bankrupted by selling the PS3, though at one point there was a reasonable argument to be made that they might have dropped it (in my view such a drop would only ever have been temporary, to buy a year's respite for example).
But to actually suggest they could have given away 100 million PS3's and not experience bankruptcy is, as you would put it, wishful thinking.
It is already quite clear that Sony sold off a substantial portion of their banking enterprise just too fund a PS3 price cut.
If Sony lost literally a quarter of their entire value overnight (again, I can find no evidence that it would even be possible for them to afford to produce that many PS3's at once, they simply do not have the liquid assets necessary to do so) they would enter Chapter 11 (or the Japanese equivelant) immediately.
Their debt versus their leveragable assets would become instantly unmanageable.