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Originally Posted by Antonmb
Interesting question. I looked at their latest financials (fiscal year 2021). Their operating income was 5% and net income was 3.8%. Those are pretty slim margins, and I’ve heard before that they make less profit on items like TVs and more on things like extended warranties, services, accessories, etc.
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Quote:
Originally Posted by Masterlu
They are lying; I am a Sony dealer, I wouldn’t turn on my computer for $11.00  |
Quote:
Originally Posted by Antonmb
Yeah, but I’m betting your smart enough to make a better margin than Best Buy. On the other hand, of course they’re lying[emoji41].
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Agreed. They're being less than forthright about their cost.
OTOH, Tony's review of the financials has me a bit concerned. I have ~$13,000.00 parked with Magnolia for the MC1502 that's on order and an arrival date sometime in March.
With margins that slim I'm sure they need a stellar Holiday Season to keep them in the black. If that didn't happen this year what's to keep them out of Chapter 11. In that scenario I become an unsecured creditor and it's pretty much Adios to my money and amp.
More sleepless nights ahead.