Sony has sold all of its 9,520,000 shares in Square Enix stock to a company called SMBC Nikko Securities, a member of the Sumitomo Mitsui Financial Group for roughly $47 million(4.8 billion yen). SMBC Nikko Securities is a worldwide securities company offering financial products and services.
SMBC Nikko Securities Inc. website wrote:For corporate clients, we have set up divisions according to business type in order to accumulate knowledge and best meet clients’ specific business needs. Those designated divisions strive to provide corporations, financial institutions, public-service corporations, local public authorities, government organizations or any type of wholesale clients with higher value delivered through teamwork across products, regions and divisions.
I think I would also see this as more of a strategy for Sony to stay in a black than any sort of lack of confidence in Square Enix, as their cash reserves have been dwindling pretty quickly in recent years.
(As an interesting side note, as of about a month ago, Nintendo was trading at 11,910 yen / share, and their net cash/short term holdings after accounting for debts were sitting at about 6,860 yen per share. Crazy)
Well I think it's probably a combination of problems with SQEX and the fact sony probably needs a little help themselves.....I mean it just seems like it's taking longer and longer for their systems to take off. It seems to me they're having odd business cycle with the ps4. It's a great system don't get me wrong(I own one) but there's not much there to sell many to buy it very quickly and even keep it. All the good games that have still yet to come out(there are a few out right now but listed at the wrong price everyone needs to get off their 59.99 new price for new games no matter how good it is not many are willing to pay that at least I'm not for a new one...) don't come out for another good month or two, and that's a long waiting period in their business cycle to see a return on releasing the system and developers not having games ready for some odd reason...
My gameroom
My systems: NES, SNES, N64, Gamecube, Wii, original gba, gba sp(001), ds lite, 3ds, vita, psp, PSone(101 model) ps2, ps3(320gb model), ps4, retron 5, and Dreamcast.
bogusmeatfactory wrote:Ever feel like a wild gazelle in the wilderness?
Sometimes when I'm hanging with old friends, we'll be drinking a few beers and talking about old memories. One friend in particular was a huge FF fan back in the PSX days. He still swears by FF7. He thinks most of them after that suck something awful. Anyways, I'm trying to remember when Square was still good. I guess the PSX days were their peak, much like Capcom. Now they're just living off of past glory, with a decent game every now and then to remind people.
They have escaped into the mansion where they thought it was safe, yet.
When I think of great Capcom games, barely any come to mind that were PSX games. I mean just the next gen Capcom produced a lot of their signature titles for Dreamcast, PS2 and Gamecube. I certainly disagree that Capcom peaked on the PSX.
It's all too easy to see when the Enix merger happened Square's quality completely disappeared for the most part. Then they suddenly stopped caring about making new IP's as well. We got... Kingdom Hearts and that's about it? Slap the Final Fantasy name on everything else!
I think Sony needs help themselves as of late in regards to this. And Square Enix aren't really the blockbusters they used to be.
Xeogred wrote:Square Soft for PSX, and Capcom for PS2.
It's all too easy to see when the Enix merger happened Square's quality completely disappeared for the most part. Then they suddenly stopped caring about making new IP's as well. We got... Kingdom Hearts and that's about it? Slap the Final Fantasy name on everything else!
I think Sony needs help themselves as of late in regards to this. And Square Enix aren't really the blockbusters they used to be.
Well the first kingdom hearts was made and released before the merge so... still counts?
noiseredux wrote:I don't lend shit and I don't borrow shit.
