Originally Posted by ChronoBodi
yea, this article was a bit questionable...
but someone enlighten me on how Sony is deep in the red while Nintendo is fine finance-wise?
I can't comment on Playstation's financial impact on Sony because I don't know enough about it, specifically. What I can say is that Sony has lost relevance in a number of categories it used to excel at (many of these categories have vanished entirely). Sony has always struggled to sell its phones for example, even after pouring money into its merger with Ericsson. South Korean companies have outmaneuvered Sony, which has struggled to innovate. Televisions have been one of Sony's strongest performing products, and they're having difficulty moving units with competition from LG, Samsung, and even American Vizio. Compounding this, the CEO (Kazuo Hirai) has spent billions acquiring new companies in a bid to acquire new avenues for sales, stretching their finances even thinner.
Unfortunately I can't comment on Nintendo, since I know very little about them as a company. I do know that they have huge cash reserves and have sold a rather ridiculous amount of Wii consoles.