I recently read that Sony's CEO and executives will all take 50% salary cuts this year because of losses. I think this is the first time I've read a company do this. I'm sure it has happened in the past, but for me, this is the first time I've heard of it.
I'm hoping that this is a wake-up call for Sony to focus more on what makes them money, and cut other fields of development. Meaning, cut your PCs, walkmans, and TVs out of the picture. Those fields of development have to be bleeding the company a lot of money. I mean, I can't remember the last time I went to a friend's house for him to show off his brand new sony television. And the only person I know that has a Sony VAIO laptop is my father, but he doesn't really have any complaints about the laptop. But the laptop did break down about 4 months after my sister got it. (She had it originally)
Of course if Sony went the Nintendo route and tried to only produce games and consoles, it could hurt them as well. I mean look at how Nintendo is doing? And if Sony stops these other production lines, it might let Microsoft become a bit more powerful than it. I'm simply going to propose to Sony that they stop making PCs first-hand. (Which it turns out they already are looking to sell that division of their company) This way they can put a fancy crash bandicoot bandaid on that cut that is literally bleeding money.
It's definitely cool that the executives of Sony are taking the pay-cuts, but I'm sure it doesn't affect them that much due to the amount of money they make. Let's not let that blur our vision of this though. It's quite an honorable thing to do to take pay-cuts that large just to make up for another year of losses.
Personally, I would like for Sony to put almost all of their resources into the PS4 and Vita. They should go out and buy up game studios that have amazing upcoming games and secure some console exclusives. It seems that is what makes the console market decide which console they will buy so it would make sense to buy them.
Anyways, I'm glad Sony did this, instead of trimming more fat from the company, which would of been a huge mistake. Let's hope someone buys their PC branch and they rebound with great PS4 sales and (maybe) 4K TV sales. I'm just wondering though, was this the right thing for Sony to do? And what do you think is the best move that they could make to turn their losses to profits?