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Sony To Sell Off All 9.5 Million Shares Of Square-Enix Stock

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#16 Andrew

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Posted 17 April 2014 - 14:17

The only people burying their head in the sand are those that believe that console (and even handheld) gaming is doing ok. All 3 of them are hurting on that front long before you even consider the other sectors they are involved in.




#17 spenser.d

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Posted 17 April 2014 - 14:25

The only people burying their head in the sand are those that believe that console (and even handheld) gaming is doing ok. All 3 of them are hurting on that front long before you even consider the other sectors they are involved in.


Yes but that should be apparent. This is different because we're talking companies as a whole. Microsoft can afford to dredge through the gaming industry because they're doing excellent as a company financially. Sony not so much unless they turn things around.

#18 Andrew

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Posted 17 April 2014 - 14:30

Yes but that should be apparent. This is different because we're talking companies as a whole. Microsoft can afford to dredge through the gaming industry because they're doing excellent as a company financially. Sony not so much unless they turn things around.

 

We see things very differely re: Microsoft doing excellent, but this isn't the section for it ;)

 

As for soldiering on, they might have the money to do it, doesn't mean they'll actually do it though. Not with investors to appease, never mind not making money on it more than 10 years later. Things aren't looking so hunky dory for the X1 either, but hopefully they can make some cuts to balance it out and turn it around like Sony did last gen. Gonna take a few years to get there IMO.



#19 watkinsx2

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Posted 17 April 2014 - 14:33

 

Sony Corp made $78.52 Billion in Sales (Microsoft Corp made $72.93 Billion)

Sony Corp owns $160.3 Billion in Assets (Microsoft owns $128.7 Billion)

 

 

 

You neglected to mention of those 78.52 billion Sony made on sales only 2.448 billion was profit. Of the 72.93 billion in sales Microsoft made 26.76 billion in profit. Over 10 times more. Microsoft also has over 3 times more equity. Nice try as massaging the numbers to make Sony's financial numbers look good. Sony's Entertainment division might be doing good but its propping up the rest of it. The TV division for example hasn't made a profit for 10 years! (source: http://uk.reuters.co...A1509B20140206)

 

Don't get me wrong. Sony isn't going anywhere and no one in their right mind would want them to go under but they need to shed more of the unprofitable parts of the business. The PC line has gone, whats the guess they pull a Panasonic and ditch a large part of the TV business too.

 

As for Square Enix - they have made some decent games recently, wasn't Tomb Raider one of them? I loved that game. I guess the same thing might be happening to them as Irrational Games, lots of sales but not enough to cover massive development budgets.



#20 spenser.d

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Posted 17 April 2014 - 14:40

We see things very differely re: Microsoft doing excellent, but this isn't the section for it ;)

As for soldiering on, they might have the money to do it, doesn't mean they'll actually do it though. Not with investors to appease, never mind not making money on it more than 10 years later.


I said financially - the numbers don't lie :p

And it doesn't, but they're certainly positioning themselves in a way where it's fairly apparent that they plan to do just that. They've made Xbox an integral part of their entire consumer ecosystem so it has a lot more support behind it, and a lot more to lean on than just the gaming industry. Can't say the same for Playstation.

#21 Torolol

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Posted 17 April 2014 - 14:47

i believe the attitude of most posters here would be different if it was Microsoft to shed unprofitable sectors.



#22 trooper11

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Posted 17 April 2014 - 14:52

The only people burying their head in the sand are those that believe that console (and even handheld) gaming is doing ok. All 3 of them are hurting on that front long before you even consider the other sectors they are involved in.


The concern is long term viability for sure. But right now, there seems to be healthy interest in the new consoles. If we see ps4 sales drop off, then that's an indication that the long term outlook is not so rosy.

Things are going well enough that Sony can literally lean on their entertainment division to make their situation seem better.

MS can't do that, but then they actually lean on other division to make the entertainment division seem less important.


i believe the attitude of most posters here would be different if it was Microsoft to shed unprofitable sectors.


Yeah, then most would be counting the days before MS closed its doors.

#23 Andrew

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Posted 17 April 2014 - 14:54

i believe the attitude of most posters here would be different if it was Microsoft to shed unprofitable sectors.

 

I doubt it.

 

Those who really care want all 3 to succeed otherwise the competition dies, even if they have no intention of owning more than 1 console.

 

The concern is long term viability for sure. But right now, there seems to be healthy interest in the new consoles. If we see ps4 sales drop off, then that's an indication that the long term outlook is not so rosy.

Things are going well enough that Sony can literally lean on their entertainment division to make their situation seem better.

MS can't do that, but then they actually lean on other division to make the entertainment division seem less important.

 

Don't get me wrong, promising numbers for both the X1 and PS4, but nobody should be taking a sigh of relief or resting on their laurels just yet. Still a long way to go and lots of debt to clear.

 

I sort of compare Sony to Apple in 1994. Involved in every market and master of none. They need to scale back, focus on what they're good at and all will be well. They seem to be doing just that (laptops & tv cuts, this SE news etc).



#24 Andrew

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Posted 13 May 2014 - 13:01

Why Sony Sold All its Square Enix Shares Revealed

By Luke Karmali

 

Sony's decision to sell all of its shares in Square Enix is apparently the result of an agreement between the two companies, rather than any bad blood.

 

That's according to Square Enix producer Shinji Hashimoto, who explained at Thailand's Comic-Con (via Mognet Central) that from the start, the entire process had been about the two companies helping each other out.

 

"Back in 2001, Square Enix had financial problems and Sony bought our stocks," he explained. "Now, the situation is reversed. Since then, we have had good support from our customers for our products, so Square Enix is back on its legs."

 

“But Sony has declined. The presidents of both companies had negotiation and resulted as everyone knew. We did not have argument. Since Sony once helped us, it was time we helped Sony back.”

 

While it's possible Hashimoto is simply keen to put a good spin on the news, the facts certainly seem to line up with what we know. Square Enix announced earlier this week a return to profit, thanks to the efforts of Final Fantasy XIV, while Sony's top-brass have announced pay cuts in the face of continuing losses.

 

http://uk.ign.com/ar...shares-revealed