Quote:
Originally Posted by pilotbob
Hmmm....
Sony for YE 2007 (March) made $1,073,788,000 Net Income that's $1.07 Billion on $70,513,408,000 (70 Billion) in revenues.
Amazon for YE 2006 (Dec) made 190,000,000 Net Income that's .19 Billion on $10,711,000,000 (10.7 Billion) in revenues.
So, Sony made like 9.5 times the income (profit) of Amazon in only 7 times the revenue (sales).
Plus, Sony has $6.8Billion of Cash with total Assets of $1Trillion while Amazon has about 1.02Billion of Cash with total Assets of about 4.4Billion.
So, I think Sony really is the one with the "deep pockets" compared to Amazon... and if they wanted to do this, they could!
BOb
BTW: These numbers all came from Yahoo finance, you can check them yourself.
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This would mean something if Sony wasn't in in deathmatch with Microsoft over Blue ray / HD DVD and PS3 / X Box. Sony seems to be able to concentrate on only one thing at a time, unlike Apple that can put out a good OS, then Ipod, then Iphone. Sony has bad management while Apple has good management. Microsoft throws money at problems until they go away. Hmm Sony could bribe the book publishers to go exclusive with them like they do with the game publishers.