True in the article headline they say earnings, while in the article text they speak about net revenue. That’s what I get for skimming again. Point stands though, they’re essentially reducing their own market volume, so it is still a loss.
One could apply the same reasoning to nintendo and it becomes more immediately obvious why that revenue stream may have cannibalized their console sales and diverted resources from more important endeavours like the world shattering Concorde…
It’s only a loss if their expenses are greater than their revenue. We don’t know the full financials so it’s really not possible to say whether or not it’s a loss. It’s hard to believe it was a loss, but we don’t know.
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Revenue != Profit
True in the article headline they say earnings, while in the article text they speak about net revenue. That’s what I get for skimming again. Point stands though, they’re essentially reducing their own market volume, so it is still a loss.
One could apply the same reasoning to nintendo and it becomes more immediately obvious why that revenue stream may have cannibalized their console sales and diverted resources from more important endeavours like the world shattering Concorde…
It’s only a loss if their expenses are greater than their revenue. We don’t know the full financials so it’s really not possible to say whether or not it’s a loss. It’s hard to believe it was a loss, but we don’t know.