Can anyone tell me how rich Nintendo is exactly compared to Sony and Disney? I know I keep worrying about this, its just I'm scared that if Disney ever buys Nintendo or Sony for that matter.......Nintendo might not be able to withstand the competition and that bothers me......
Nintendo is better off than Sony is. There's just a lot of bad stuff happening with them right now and they're always the target in the gaming industry for some reason. Even after all the shortcomings of recent, I'm pretty sure they still have roughly Ten Billion US Dollars in the bank.. They should be alright.
Put it this way, over the last year Sony has been cutting fat and fired around 10,000+ people and their stock has been labeled as junk status while meanwhile Nintendo is buying new buildings and hiring people. Disney on the other hand is pretty much unstoppable at this point. I don't see them trying to buy Nintendo anytime soon though.
Looking at it simply Sony and Microsoft have about the same revenue but yet whereas Microsoft has something like 30% profit from that basically Sony has pretty much zero.
Nintendo has enough cash and investments to make the current loss every year for 40-50 years. I dunno at what point it becomes a huge problem. I cannot see how they could do much better than they have this year though when it comes to quality releases. (Other than personally I would prefer them to be Donkey Kong Country Returns equivalent difficulty).
Even if Nintendo went broke, I would doubt very much that they would sell up anything with their I.P attached to it. I think they're far too proud (stubourn) to let anybody else have creative controll over the likes of Mario, Zelda, and Donkey Kong.
Besides, if the video game industry ever goes down the pan, Nintendo have years of experience in the toy manufacturing business to fall back on.
A smart business will always get by with what they know best, and Nintendo knows how to entertain.
I didn't say they didn't count but if for example if a relative dies an leaves you a mansion in their will it doesn't make you rich it means you own a mansion and the same applies to having lots of stuff doesn't equal lots of money. Stock get valued but if it's unsold then it's wothless, building and vehicles depreciate, debtors may not pay etc but they have worth so get included in the assests but truth is those values can hugely vary depending on the accounting methods used.
I'm sorry, but if a rich grandparent dies and leaves me a mansion in their will that has a value of $32 million dollars, it means I'm now "rich". If they leave me a 10lb bag of diamonds, I am "rich". If they leave me in control over a multi-billion dollar global shipping company, I am "rich".
I'm sorry, but if a rich grandparent dies and leaves me a mansion in their will that has a value of $32 million dollars, it means I'm now "rich". If they leave me a 10lb bag of diamonds, I am "rich". If they leave me in control over a multi-billion dollar global shipping company, I am "rich".
"Rich" doesn't just equal having cash.
If you grandparent dies you then owe $10m to the goverment in tax and being in control of a rich company means you're in control of a rich company.
I didn't say rich equals cash but a company having assests doesn't equal rich.
Just because Sony has more assets and equity doesn't mean they are rich. They are, but they're losing money in all of those categories, except gaming, which barely makes profit. All of Sony's assets are losing cash right now and they are basically counting on the PS4 to save their asses"t"s and not even that is making a lot of profit. They're TVs, phones, movies, and cameras all have been losing cash. PS3 and Vita? Lost money. They've only made one very small profit out of the last five years. They are worth about 2 billion more than Nintendo is. You might think Sony is safer/richer because they have more assets, but those don't help when they're losing more money than they're making. Nintendo may be in more danger because they haven't branched outside of gaming, but they've been in a similar situation before and came out unscathed. According to this This Sony is much more likely to fail than Nintendo. I don't know how accurate that is. It's just something I saw posted recently. Maybe you've seen it already.
For some reason I feel everything I just typed it pointless. Odds are, it is.
Just because Sony has more assets and equity doesn't mean they are rich. They are, but they're losing money in all of those categories, except gaming, which barely makes profit. All of Sony's assets are losing cash right now and they are basically counting on the PS4 to save their asses"t"s and not even that is making a lot of profit. They're TVs, phones, movies, and cameras all have been losing cash. PS3 and Vita? Lost money. They've only made one very small profit out of the last five years. They are worth about 2 billion more than Nintendo is. You might think Sony is safer/richer because they have more assets, but those don't help when they're losing more money than they're making. Nintendo may be in more danger because they haven't branched outside of gaming, but they've been in a similar situation before and came out unscathed. According to this This Sony is much more likely to fail than Nintendo. I don't know how accurate that is. It's just something I saw posted recently. Maybe you've seen it already.
For some reason I feel everything I just typed it pointless. Odds are, it is.
I guess the point of my post was that just because you have more assets, doesn't mean you'll stay richer. If they're all losing money, you'll go broke faster. It's better to have one strong and healthy horse than to have a bunch of useless sickly ones. Nintendo indeed does have a strong horse, but they better be careful to keep it healthy. I should point out that I like Sony as well, I like all gaming companies. It sucks to see any of them fail. I'm just trying to reassure OP that Nintendo isn't in too bad of shape right now when comparing to other companies.
If you grandparent dies you then owe $10m to the goverment in tax and being in control of a rich company means you're in control of a rich company.
I didn't say rich equals cash but a company having assests doesn't equal rich.
$32 million - $10 million = $22 million
Ya...I guess owning property worth $22 million would put one under the poverty line. Your point stands.
I forgot the smiley face but you can't deduct just deduct $10m from a property (it's not money, hint hint) so you're still left with the taxes to be paid.
Keep trying to rationalize it, but you are wrong. Property has cash value. Hence why people accumulate property. Owning a $30 million dollar chunk of land is just as good as having a similar amount of cash, if not better, as the value of said property can greatly increase. The property can be sold. It has cash value.
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