Sony to Sell NYC Office For $1.1B

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Sony has announced the sale of its NYC headquarters for $1.1 billion. The company will net $770M on the deal and continue to rent the building from its new owners.

Sony said it expects the sale of 550 Madison Ave. to generate net cash proceeds of about $770 million after repaying debt tied to the building and other transaction costs. The company and other units of the Japanese parent, including Sony Music Entertainment, will remain in the building for up to three years, Sony said in a statement released in New York.
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Sounds like this transaction should account for a nice profit for Sony this year. Hope it works well for them, because although I'll personally never buy their products, their competition towards other companies is a good thing overall in my opinion.
 
I think at this point Sony needs to quit focusing on creating new products and focus on quality again. The 80s/early 90s Sony was synonymous with quality. Now they are known for satisfactory products that are too expensive.
 
Major_A said:
I think at this point Sony needs to quit focusing on creating new products and focus on quality again. The 80s/early 90s Sony was synonymous with quality. Now they are known for satisfactory products that are too expensive.
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I think the decline in the quality of Sony products is largely due to Samsung and LG.

Over the last ten years Samsung has taken a considerable amount of Sony's business by undercutting them on price. Samsung achieved these lower prices through lower quality, both in terms of build quality and time spent perfecting the product. In order to compete with Samsung Sony has had to lower their costs, and in the process has lowered their quality.

I agree with you that I'd like to see Sony focus more on quality because I don't want another Samsung. I've had terrible experiences with Samsung products. My Samsung phone was incredibly flimsy and ended up breaking. The power cable on my Samsung vacuum cleaner keeps reeling in on its own so I have to keep retracting it. The wheels on the vacuum cleaner head got jammed and scratched the floor. My Samsung monitor fell to pieces when it fell of my desk while other monitors have survived the same fall with no problems.

It's not unfair to say that Samsung products are low-quality crap but, as I myself have proven with my large number of Samsung products, this low-quality crap appeals to consumers, and Samsung make a lot of money selling it. If selling lower price, lower quality products is what makes money then that's what companies will do. I therefore can't see Sony changing their approach any time soon.
 
Mr Milquetoast said:
I think the decline in the quality of Sony products is largely due to Samsung and LG.

Over the last ten years Samsung has taken a considerable amount of Sony's business by undercutting them on price. Samsung achieved these lower prices through lower quality, both in terms of build quality and time spent perfecting the product. In order to compete with Samsung Sony has had to lower their costs, and in the process has lowered their quality.

I agree with you that I'd like to see Sony focus more on quality because I don't want another Samsung. I've had terrible experiences with Samsung products. My Samsung phone was incredibly flimsy and ended up breaking. The power cable on my Samsung vacuum cleaner keeps reeling in on its own so I have to keep retracting it. The wheels on the vacuum cleaner head got jammed and scratched the floor. My Samsung monitor fell to pieces when it fell of my desk while other monitors have survived the same fall with no problems.

It's not unfair to say that Samsung products are low-quality crap but, as I myself have proven with my large number of Samsung products, this low-quality crap appeals to consumers, and Samsung make a lot of money selling it. If selling lower price, lower quality products is what makes money then that's what companies will do. I therefore can't see Sony changing their approach any time soon.
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Ahhh yes. Samsung products, clearly inferior because they break when dropped.

So not only did you knock your samsung monitor off of your desk(I can see such an incident happening once maybe) and it broke, but all of the other monitors you've knocked off of your desk haven't...maybe you should invest in a system to keep your monitors on your desk? Bolting it down perhaps?

If your idea of normal use for a monitor is knocking it off the desk, I don't even want to know what you've done to your phone and vacuum.
 
Actually, it looks like they are doing it for not only profit, but to minimize their tax profile.
 
Samsung monitors are pretty crappy. We had several 30" monitors and they ALL died within 2-3 years or so. I had no other monitor especially in this price range die so quickly. I can't say much about their TV's because I chose to go with LG but their computer monitors are junk. The phones seem to be decent but fragile.
 
Merc1138 said:
Ahhh yes. Samsung products, clearly inferior because they break when dropped.

So not only did you knock your samsung monitor off of your desk(I can see such an incident happening once maybe) and it broke, but all of the other monitors you've knocked off of your desk haven't...maybe you should invest in a system to keep your monitors on your desk? Bolting it down perhaps?

If your idea of normal use for a monitor is knocking it off the desk, I don't even want to know what you've done to your phone and vacuum.
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I trade stocks and have a lot of monitors, some of which are balanced precariously on the edge of the desk. Over the years I've occasionally knocked one on the floor. With most monitors I just pick them up and put them back on the desk with no functional or asthmatic damage. However, the Samsung fell to pieces with the back and front coming off and the panel and circuit boards falling out.

No, it's not a normal use for a monitor, but it does illustrate the poor build quality of Samsung products.

As for the phone, I had it in my pocket and I leaned against a table. Again, with most phones I'd expect no damage whatsoever, but the Samsung stopped working completely.

The vacuum cleaner has just been used normally and has developed the two faults in normal use.

Ultimately Samsung products have a poor build quality and break when exposed to conditions where rival products would continue to work without issues.
 
Mr Milquetoast said:
I trade stocks and have a lot of monitors, some of which are balanced precariously on the edge of the desk. Over the years I've occasionally knocked one on the floor. With most monitors I just pick them up and put them back on the desk with no functional or asthmatic damage. However, the Samsung fell to pieces with the back and front coming off and the panel and circuit boards falling out.

No, it's not a normal use for a monitor, but it does illustrate the poor build quality of Samsung products.

As for the phone, I had it in my pocket and I leaned against a table. Again, with most phones I'd expect no damage whatsoever, but the Samsung stopped working completely.

The vacuum cleaner has just been used normally and has developed the two faults in normal use.

Ultimately Samsung products have a poor build quality and break when exposed to conditions where rival products would continue to work without issues.
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Ok, so get proper mounts or bolt the things down then. You're expecting a company to produce a product to survive your silly environment where it is clearly being abused due to you being clumsy :rolleyes:, when there is absolutely no reason for them to do so. Samsung isn't perfect, I've had crap samsung products as well(bought a monitor that had to be returned to the store because it looked like someone had punched the screen, then the one I got in exchange developed a bunch of green lines so it had to be RMAd, then the RMA replacement had some issue that I can't remember). However I'm not going to blame any manufacturer for their product not holding up to what is clearly abuse that it was not designed for.
 
Mr Milquetoast said:
I trade stocks and have a lot of monitors, some of which are balanced precariously on the edge of the desk. Over the years I've occasionally knocked one on the floor. With most monitors I just pick them up and put them back on the desk with no functional or asthmatic damage. However, the Samsung fell to pieces with the back and front coming off and the panel and circuit boards falling out.

No, it's not a normal use for a monitor, but it does illustrate the poor build quality of Samsung products.

As for the phone, I had it in my pocket and I leaned against a table. Again, with most phones I'd expect no damage whatsoever, but the Samsung stopped working completely.

The vacuum cleaner has just been used normally and has developed the two faults in normal use.

Ultimately Samsung products have a poor build quality and break when exposed to conditions where rival products would continue to work without issues.
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Sounds like a bad case of user error :rolleyes:

Lean up against the edge of a table with any smart phone today with the edge of the table being the fulcrum in the middle of the phone and see how any of them fare.

Next thing you know, he'll be complaining about Samsung phone quality because he dropped them in a toilet.
 
I know the state of California had some bright ideas to sell buildings then lease them. Kind of a shell game where yeah you get instant cash influx but over time you're spending more money.
 
I've owned Samsung and LG products for years, zero issues

I got a Samsung Syncmaster 2443BW 1920x1200 monitor that's over five years old, and had zero issues with, and its literally turned on 99.99% of the time a year, and its still not even started to "Get hot" AKA The warning sign the backlight tubes are about to go
 
zkostik said:
Samsung monitors are pretty crappy. We had several 30" monitors and they ALL died within 2-3 years or so. I had no other monitor especially in this price range die so quickly. I can't say much about their TV's because I chose to go with LG but their computer monitors are junk. The phones seem to be decent but fragile.
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Don't know about Samsung phones (personally I like LG stuff, but my current phone is a Motorola), but I can attest that their monitors and TVs like to die in a two year period. I had many of them die in that time period.
 
Mr Milquetoast said:
I think the decline in the quality of Sony products is largely due to Samsung and LG.

Over the last ten years Samsung has taken a considerable amount of Sony's business by undercutting them on price. Samsung achieved these lower prices through lower quality, both in terms of build quality and time spent perfecting the product. In order to compete with Samsung Sony has had to lower their costs, and in the process has lowered their quality.

I agree with you that I'd like to see Sony focus more on quality because I don't want another Samsung. I've had terrible experiences with Samsung products. My Samsung phone was incredibly flimsy and ended up breaking. The power cable on my Samsung vacuum cleaner keeps reeling in on its own so I have to keep retracting it. The wheels on the vacuum cleaner head got jammed and scratched the floor. My Samsung monitor fell to pieces when it fell of my desk while other monitors have survived the same fall with no problems.

It's not unfair to say that Samsung products are low-quality crap but, as I myself have proven with my large number of Samsung products, this low-quality crap appeals to consumers, and Samsung make a lot of money selling it. If selling lower price, lower quality products is what makes money then that's what companies will do. I therefore can't see Sony changing their approach any time soon.
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Its funny you say Samsung is the reason they products are declining in quality. Most of you don't seem to know why. A great majority of LCD panels inside of Sony TV's are made by Samsung or another manufacturer (also a few others like Sharp). Sony can't beat them but they will use them in their own products. LMAO I don't think Sony actually makes any of their own LCD Panels but do usually design the circuitry behind the panels. How good can a product be though if you are using someone else's tech and parts?

This doesn't mean Samsung is a crappy manufacturer as that isn't true as they have some great products on the market. Things are better when you design and fab your own stuff and not paying out for others.

As for being a bad user, the shame is on you and not the companies. Everything is fragile now and the way it will be for some time. Today's tech are not built as tanks. You can thank the "Green" movement for that.

Samsung's smaller computer monitors barely use screws, maybe a couple for the base/stand but usually just clip together in some fashion.


As for Sony, I still want love you guys but you are making all the wrong moves!
 
Mr Milquetoast said:
I trade stocks and have a lot of monitors, some of which are balanced precariously on the edge of the desk. Over the years I've occasionally knocked one on the floor. With most monitors I just pick them up and put them back on the desk with no functional or asthmatic damage. [...]
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Does your monitor smoke? If so, take its cigarettes away! ;)
 
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