Chapter 1343 It's not about being rich
"Mr. Xiao! Sony is looking forward to joining the App Store camp. Please consider my request carefully!"
Sitting on the balcony of a villa in Tokyo's Minato District, Gao Chuan Teru said to Xiao Qi with such expectancy.
He is also a decisive person in killing. He knows that beating around the bush with a person like Xiao Qi will not get good results at all, so he goes straight in.
Sony is very concerned about the App Store. They participated in the construction of the Global Music Alliance's website and helped Qiao Gangzhi sell electronic music copyrights for iAss.
However, their vision was still not that forward-thinking. They did not expect that the era of smart electronics would come so quickly, nor did they expect that Xiao Qi would launch the Dreampad app store so quickly, directly attracting all smart electronics enthusiasts.
This is the case in the era of electronic innovation. Once you are one step ahead, you are ahead of an era.
As Xiao Qi continued to take advantage of Dreampad's huge user base to recruit programmers and game software companies to enter the Dreampad app store, these various games and applications in turn attracted more people to like Dreampad and purchase it.
dreampad, and thus began a life of using various apps on dreampad.
People in the outside world, suffering from the fact that they have no smart electronic products at all, can only watch helplessly as Xiao Qi continues to expand the influence of the dreampad app store.
What devastated everyone the most was that iPhone, the ground-breaking smartphone overlord, also announced that it would join the Dreampad app store camp, which completely wiped out the idea of re-establishing an app store - even Gang Leader Qiao said so
People who are unwilling to cooperate with others finally succumb to hundreds of thousands or millions of apps in the app store. How can others compete?
It would make sense if Apple could join the App Store camp and purchase 5% of the shares of the App Store. After all, the iPhone will definitely have greater stamina than the DreamPad.
But why can Samsung buy 5% of the app store shares?
Look at the ugly performance of their S1. If the iPhone is a positive image of being tall, rich and handsome, then the S1 is a typical short, poor product. It appeared on the market purely to highlight the greatness of the iPhone and even the DreamPad.
From that moment on, everyone had more ideas about Xiao Qi’s 90% share of the app store.
Japanese businessmen have always had one approach to what they like: make it their own.
App store shares are of course a good thing. After you buy them, they will not only continue to increase in value, but also enhance your ability to control the smart electronics market.
For Sony, this latter point is more exciting than the previous reason to make money.
But the valuation of the App Store is too high. When Samsung and Apple purchased their shares, it was overestimated to US$200 billion.
As the subprime mortgage crisis progresses, the valuations of most companies are declining. The three major rating agencies Moody's, S&P, and Fitch are busy lowering credit ratings for others. However, the rating of the app store is still
aaa+, stronger and more powerful than bp and Coca-Cola.
Therefore, the valuation of the app store has now increased a bit, reaching 220 billion US dollars.
Even if they want to buy 5% of Sony's shares, they will have to spend 11 billion U.S. dollars. It really makes them feel frightened.
No matter how powerful Sony is, it is helpless to spend 11 billion US dollars at once.
During this time, not only Sony is having meetings and discussions, but other companies' considerations and frustrations are almost the same as Sony's.
Everyone must not only consider the issue of buying 5% now, but also consider the issue of additional purchases if Xiao Qi wants to sell shares again in the future - the amount at that time will only get higher and higher!
Normally, everyone thinks that they are all rich, but now that they have experienced the Internet era, they know what it means to really burn money.
Not to mention the app store, Google was listed two years ago. When it was listed, it was only 85 US dollars per share. As a result, the stock price exceeded 700 US dollars per share in the first two days, and the market value exceeded 200 billion US dollars!
It’s crazy!
While Sony was cursing these network electronic technology companies, it was also actively responding to them. Finally, in the past few days when Xiao Qi came to Japan, the discussion had a major breakthrough.
That's why Gao Chuan Huishu came to Xiao Qi.
His asking price is US$11 billion in cash to buy 5% of the app store shares.
This Sony deal was almost a rip-off, collecting all the cash flow and requiring a partial loan to give a high price, but it had no effect on Gao Chuan Teru's expectations.
"I refuse." The young man replied calmly.
Gao Chuan Teru's heart suddenly fell to the bottom. He could not hold back his disappointment and asked harmoniously: "Why? Mr. Xiao, are you not satisfied with our price? It can still be negotiated!"
Since US$11 billion has been given, it doesn't matter if the valuation is higher. Sony's think tank has already considered this.
The price they can afford is 12 billion U.S. dollars, and the corresponding valuation is already 240 billion U.S. dollars. I believe Xiao Qi’s appetite should be satisfied.
Xiao Qi shook his head, "It's not about money. The App Store only considers companies with strong capabilities in the field of mobile communications. Sony is not suitable."
"That's not right!" Gao Chuan Teruki frowned, "With all due respect, Mr. Xiao, although Sony Ericsson's market share is not too high, it is higher than Samsung's, right?"
"Samsung has the most complete hardware capabilities and can provide the best hardware components to Fairy Company, but Sony does not." Xiao Qi explained, "In the era of smart electronics, many of Samsung's hardware are very important.
And Sony relies too much on other manufacturers for its components. Except for photography and LCD, it has no advantages. Moreover, your mobile phone patents and wireless communication patents are not many, and they are all owned by Ericsson."
To be able to become the representative chairman of Sony, Takagawa Teruki's emotional intelligence is undoubtedly very high. He quickly found a breakthrough from Xiao Qi's words.
Chapter completed!