My go-to-guy when it comes to Finance, Richard Quest, takes some time to talk about why Apple does to be so profitable.
Posts Tagged ‘Finance’
Quest on Apple
Wednesday, October 21st, 2009Get them hooked using the cow
Saturday, August 1st, 2009There are two ways to get someone hooked on video games.
- Get them at an early age
- Use he cow riding game.
You wonder what the cow riding game is, well, it’s on Wii Play. How do I know this?
When I first bought my Wii back in 2007, Malin was not thrilled a single bit. Coming from a family who never spend a single hour in front of any video game – I had to tell her entire family that Mario was a plumber, and that he had been seen in over 200 million households, before they understood that it wasn’t just a silly game, and that might be justified to use him in a crossword as reference. Any way. After I bought the Wii, I tried to show her that it was more than just a silly video game. I challenged her in tennis, bowling, snooker – and the cow riding game.
Two days after I bought it I came home from work, only to noticed that she had been practicing.
Journalist and speculators have given Nintendo the big thumb up for the Wii for many reason, one of them is that they manage to get the female audience in on it as well. Mind you, it is still guys who purchase most of the games and peripherals, but females are getting in to it. With Wii Fit, Nintendo managed to get their idea of letting video games be used as a workout toll fully on, and being released before Christmas, there wasn’t enough to get around. Everybody wanted one.
The reason I tell you this, is that I couldn’t stop smiling that even a 47 year old man, Richard Quest, talked about the falling profits for the gaming industry.
See for yourself, what game gets him hooked?
This other clip also gives a good explanation on how the economy works, using the gaming industry as an example.
EBITDA
Sunday, July 26th, 2009I just had to post one more from Quest. They explain what EBITDA is, an acronym that is thrown around a lot today.
During my Financial Accounting class with prof Gary Cunningham, I asked him why there are so many ways to show ones profit in a yearly report. He looked at me and said that it depends how bad ones year has been. Apple does not need to use it since they have had a terrific year, with earnings going up. Others whose stocks have gone down and has nothing to show, uses to EBITDA since their numbers will look better.
Watch the video.
Quest means business
Sunday, July 26th, 2009One of the best economic/financial journalist out there, according to myself, is Richard Quest at CNN. Thanks to what I have picked up over the years at Uni, I do understand a lot of what people are saying, but some how he makes it sound easier than what it might be.
He’s show Quest means Business can be found online, and his blog is updated every now and then with some market reflections.