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Old June 12th, 2013, 09:12 AM   #21
Jerome
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Join Date: Sep 2000
Location: Michigan
Posts: 12,783
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Quote:
Originally Posted by Pahn View Post
Sony really isn't in a position to sell these things at a loss. They just had their first quarterly profit in five years, and that was probably only because they sold off a bunch of real estate.
Sony loses money on almost all the electronics they sell. It's crazy that a majority of their profits come from selling insurance... yes, insurance!

Quote:
Its financial arm accounts for 63 percent of Sony’s total operating profit last year. Life insurance has been its biggest moneymaker over the last decade, earning the company 933 billion yen ($9.07 billion) in operating profit in the 10 years that ended in March.

NYTimes.com
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