Chapter 476 Basketball and Business 10
Chapter 476 Basketball and Business 10
"I think I should invest my money well and earn as much as I can from it, after getting a lot of money I can donate several million to charities without a second thought."
"The only thing I will not do is to exploit others to make more money, but investing like everyone else is not a problem for me."
After talking a little more Jake went to Matthew's house, he was excited to know how much the company had made that year, normally they would have sold just over 1 million cameras because in the last year they sold more than 9 million cameras.
But since this year they would start selling more in Asia, which was the world's largest market for digital cameras, Jake had more hope that they could sell 2 million or more digital cameras.
Arriving at Matthew's house, Jake can see Oliver and Joseph in his office, after Matthew's company started making a lot of money Oliver spent almost all day at Matthew's house helping him solve the company's problems.
Joseph's classes had not yet started so he was with his father and grandfather, they both saw Jake coming and had been waiting for him since Jake's birthday was over.
"Hi Jake, we were waiting for you, I'm going to call my dad here and we can talk more about the company."
"No need Oliver, we can go to where Matthew is."
"Today my father is off duty and is not resolving company matters, so talking here in the room is more comfortable."
After saying this Oliver went to where Matthew was and left only Jake and Joseph in the room, the two had not talked much in the last few months and after spending so many months studying at different universities they were not as close as before.
"Congratulations on the success of the game you organized, Jake, I couldn't go in person, but I watched the game at the university."
"Thank you, I was very happy that everything went well in this game, and how is your course at the university?"
"Okay, I'm not one of the best students in my classes, but I get above average grades, I think the important thing is that I'm learning a lot of new things when I come home now and see my father and my grandfather talking about the company I understand everything they say."
"Now I realize how amazing it was that in middle school you can talk to my grandfather about business and even give advice on his business and investments, so you don't have to finish university to be a good manager."
Jake can see that Joseph had changed so much in the last few months that they didn't speak to each other, that was normal because Jake met Joseph when they were still children and Joseph went through adolescence and was now understanding what life really was like.
"I'm happy to know that you can talk to your grandfather about the company now, after all, who are you going to be the president of the company after your grandfather retires, and how is Liza doing?"
"She's fine, Liza completely changed her personality, you wouldn't believe it if you talked to her now, luckily she didn't change what I liked most about her, let's do 5 years of dating this year."
"I am happy to know that you are well together, can you see her often?"
"Yes, I bought a car, and several times when we don't have classes I take my car and go to her university so that we can be together."
"After the last semesters of the university, she doesn't care that I come home as my grandfather always commands, in fact, she even advises me to come home and so she goes to her house."
"Here in Miami, I can see her if we want to meet."
Jake was happy that the relationship between Joseph and Liza seemed to be very well, Jake knew that Joseph liked Liza very much and if her personality was really better they could even be friends again.
Now Jake and Joseph were more mature and had other friends so it was easier for them to talk quietly and they could be mutual friends again, the important thing was that after several things had happened they were still friends.
Jake and Joseph continued to talk about various subjects because they had so much to say after many months of not talking when Matthew and Oliver arrived they were happy to see the two talking.
"Jake, I was waiting for you, I knew you would be coming soon to hear the company's sales report."
"If I knew you were resting today, I wouldn't have come, I didn't want to disturb you."
"Hahaha, you never bother, I already said that you are part of my family, now let's talk about the company first."
"As you know, I received an order from several large stores in Asia for our company to sell more digital cameras, we were concerned with the dam of the large camera companies in Japan, but with the order of the large stores we produced more cameras and took them to Asia."
"Our sales in America and the rest of the world were not as good as we expected because of the large number of cameras we sold in the last year, but in a few months sales in Asia surprised us and we made a great profit this year too."
"We sold approximately 4 million digital cameras this year, as it was not as much as last year I will reinvest 50 percent of the profit, so we will receive 2 billion and 640 million dollars in profit."
Jake was impressed again, he hoped they would sell just over 1 million cameras, but they sold 4 times as many cameras, he could never hope that the Asian market was as strong as half the rest of the world.
And as Matthew had said they only sold for a few months and Matthew did not produce as many cameras for fear of not selling all cameras in Asia, so until the next camera launch, they could still sell many more cameras in Asia.
So Jake did a quick calculation and realized that he would receive $ 66 million more in his profit share, it was much less than in the last year, but it was because in the last year Matthew had paid 75 percent of the share to shareholders, and in that year was only 50 percent.
After all, it was important to reinvest the money in the company because they were close to creating the camera and the whole system that could be used on cell phones, at Jake's request, Matthew ordered the developers to make several models in different qualities.
"And how are you planning to start selling the new camera?"
"It's like I told you it would be, the camera was already ready at the end of last year and we would start selling only in September of that year even though we had almost no profit that year, and we will continue with that period."
"The camera will cost the same as the current camera and will have an improvement in the zoom system and in the resolution of the photo, we are using the technology that you developed from the touchscreen that makes the camera much easier to use."
Jake allowed Matthew to use the new touchscreen technology he was close to getting the patent on, which was a strategy for them to get patent approval more quickly by showing that it really worked.
Jake thought that this would help Steve Jobs think about creating the iPhone that was important to the whole world of technology, nobody could develop the touchscreen so quickly in time to produce it before Jake's patent was approved.
"And how is the development of cameras for cell phones?"
"It's going well, we have already managed to create a digital camera that could be used on a cell phone, but it will cost a lot to create just one and the resolution of the photos will be very low."
"But just like you said, after we managed to create this first prototype, we started experimenting with what other cheaper components we could use, by the end of this year we will have the first product that can be sold and at an acceptable cost."
Jake was very happy with this because they had been trying to develop this technology for many years and create the components that could be used, probably the way they found it was different than in Jake's time.
Of course, the camera for the cell phone would be much worse than the digital camera from Matthew's company, and that was a request from Jake because as soon as sales of the digital cameras would stop, they had to find a cell phone company and get a profitable deal. and that would last for many years.
Their biggest challenge was to create good sensors for these cell phone cameras, and that was important because in the future it would be the Sony company that would be the largest manufacturer of camera sensors for several smartphone companies.
Jack was thinking about making Matthew's company so much better than the others that whoever had a contract with his company would have the leadership in smartphones based on camera quality for many years.
"Matthew, I have to tell you the report of your shares invested in the company Cisco, you now have just over 2.5 billion dollars, and I think these shares will still appreciate a lot in the coming years."
Matthew, Oliver, and Joseph were very surprised to hear that, Matthew was so busy with his company's business and the development of new products that he had even forgotten to keep up with his stock appreciation.
Of course, Matthew didn't need to be so attentive because he had full confidence in Jake and his company, after all, it was because of Jake's encouragement that he had invested, but he heard the comments of analysts saying that they expected the stock value soon. fall too much.
He could never expect his stock to appreciate more than 120 percent, that was certainly a good surprise and for the first time, his stock was worth more than the annual profit Matthew received from his company.