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This reminds me of an interesting little fact I learned about how Sony makes money: Life insurance and personal finance! Source: http://www.splatf.com/2011/11/
by confluence 14y ago
This reminds me of an interesting little fact I learned about how Sony makes money: Life insurance and personal finance!
Source: http://www.splatf.com/2011/11/sony-profits/ http://www.splatf.com/2011/11/sony-profits/
Consumer electronics still generate most of its revenues (about half) - but just like GE, Sony appears to make a lot more profit financing the acquistion of their goods rather than from the goods themselves (GE makes more financing hydro-turbines for governments than from the turbines themselves).
Curious to think that the entire PlayStation line might not just be a loss leader for games, but also for the entire Sony financing arm.
- objclxt 14y agoNot just Sony: many Asian consumer electronics companies are really part of much larger conglomerates. Samsung is the largest provider of life insurance in South Korea, and they also run a large ad agency (Cheil) as well a other service based subsidiaries.