Chapter 285 Small Vacation at Home 3
Chapter 285 Small Vacation at Home 3
Were really good sales figures, analyzing that the internet was not well known yet and only a small part of the population had computers at home, the first camera sold in the world had only 500,000 sales in almost 3 years.
Matthew had already achieved twice that in just a few months, of course in 1996 many more people had computers compared to three years ago and the webcam of Matthew's company had much more quality than the competitor in the market.
Especially since Matthew's company began to become internationally known as a quality camera brand after these two years of digital camera sales, it was normal for them to get more sales.
"It's really good Matthew, this webcam can continue to be sold for up to 4 years, close to the 2000 years we have launched another line of webcam with better quality in the market, at that time the number of people with computers here will overcome 50%"
"The important thing is to try to make the public aware of our product, do some propaganda, the ideal is that the sale of webcams can pay for the development of technologies that we will work with mobile companies."
"Let's try to do this, now let's talk about the main point, our sales with digital cameras in 1996 reached 4 billion dollars, with more the 2 billion in 1995 we sold 6 billion with this camera."
Jake was very happy about it but knew that this was just the reality of the time, a camera costing a thousand dollars could yield this much, but they would have to sell two or three times as much as they sold now to win that much in a few years.
Not to mention that the profit would be much lower because the cameras would need the constant development of technology, so Jake told Matthew that partnering with a mobile sales company would be much more profitable.
After all, when smartphones start selling hundreds of millions of people can buy, even billions of people in a few years, after all, the smartphone will serve people to talk on the phone, access the Internet and still take pictures and even play games.
If with a partnership they get $20 of profit per smartphone sold they would get more than 14 billion if the phone has good sales, with 14 billion profits even if they are with 10 different mobile models would be worth it.
The hard thing is to convince the company not to start producing the cameras themselves, so a long contract of several years with a fine millionaire resizable could make it happen.
After more than 20 years the sales of all companies would fall a lot, so he could promise that Matthew's company would grow and improve from the beginning of 300 million that was worth a few years ago.
In the future, it can be worth more than that, many of the big companies of the future would be worth 10 billion at least, Matthew's company could be worth up to half that value if it continued with those sales.
It would already be much more than 10 times the current value of the company, not to mention that the profits would be high every year like this, the Canon, for example, came to be worth almost 70 billion at the height of the company, so if Matthew managed to manage the company he would have much to gain.
Still, it was incredible to sell 4 million digital cameras in a year even though it was sold worldwide, so in total the first digital camera sold by Matthew's company sold 6 million units worldwide.
"Of course these were the approximate values, in profit, we achieved 2,095,300,000 dollars for the company, again we will invest half the value and the rest will be given as profit share for the shareholders here a few months ago."
For a company like that of Matthew so much investment would not have felt, they produced few products and were not prepared for such a big growth, even if the company had increased in value and in profit, the company itself had little change plus a few more assembly lines, machines, and employees.
The reason for this was that Matthew was cautious and did not expect the company to sell billions of dollars every year, a few years ago if the company sold could get a few million dollars would be great.
Jake thought that Matthew was right in doing this, he always invested half of his profits in the company and so had a lot of cash flow if he didn't invest in many things, so the company wouldn't have trouble lacking money to produce more machines to sell it.
In addition, the company of Matthew increased so much in the value of shares because the shareholders were receiving dividends that exceeded the value of shares in many times, if Matthew wanted to invest after a few years he could simply sell his The actions.
After all, he still had more than 70% of the company's shares, he could sell over 18% and still have the absolute majority of the company and raise hundreds of millions of dollars for the company, it was the best time for Matthew's company.
This time Jake would receive more than 104, 7 million dollars in his shares, as Matthew would invest half of that value Jake would get 52.3 million dollars, it was more than double what he received the last year.
Jake still had over 10 million dollars that he had left out of last year's earnings share plus the sponsorship he received in those 4 months and that profit share Jake had now 62,982,500 dollars in the bank.
Apart from all the money he had invested in the stocks, it was a lot of money even thinking normally, but the amazing thing was that Matthew was much richer thanks to Jake's counties, with this profit share that each would receive half Matthew would have more than 785.7 million dollars.
More than twice as much as he could with the sale of his company two years ago, the most incredible was that he had almost the same both in shares of the Cisco company that Jake invested last year he had now 717 million dollars After having invested only 300 million dollars in the beginning.
Taking away his shares of the company Matthew had a patrimony of more than $1 billion after listening to Jake's counties in just a few years, Matthew even believed that this value would still multiply in the coming years.
"I just have to thank you, Jake, I saw that my investments had almost doubled in value in just 1 year in the stocks that your company invested, I won almost the same as half the profit received from the company."
"Then you should invest the same much that year, in a few years you would be much richer."
Jake was thinking of Matthew's good when Jake sold all the shares he had and that the investment company had they would often get the amounts invested, if not for Jake investing in Amazon that in more than 20 years would be worth billions of dollars he would have invested in the company.
"I think better not, do not need to get too rich, the money I have invested already makes me very happy."
Matthew refused with this excuse, but Jake knew well why Matthew did not want to invest more, he relied heavily on Jake and Oliver and so gave them 300 million dollars to Jake's company investing in stocks, but Jake insisted that they could not sell before they Jake wanted to.
Matthew at first did not care and accepted this as well as Emily's father and the other investors a few years ago, but after little has these actions valued twice the value if it were not for this agreement Matthew would have sold his shares right now.
Emily's father and the businessmen who invested first also wanted to sell the shares they had, but the deal didn't allow it, they even tried to talk to Emily privately to convince Jake to sell the shares.
Fortunately for Jake, Emily was very honest and totally believed in Jake and even told what the entrepreneurs were wanting, Jake had made this deal for their good and for them not to lose money and even for the bubble not to burst Before the hour if they sold billions of dollars in stocks ahead of time.
They were not afraid of losing a few million, but when that value was valued for hundreds of millions of dollars they were increasingly afraid of losing, the same happened to Matthew.
Another point that neither Matthew nor the initial investors were happy was that Jake would stay with 10% of the stock sale, at first they accepted it and found it fair, but the more the stocks valued less they liked to divide 10% with Jake.
Jake knew that and would not insist on this matter anymore with Matthew, he found it a waste that his friend stopped earning billions of dollars for fear but also understood how risky the stock market looked to people who did not know the future as Jake.
And Matthew was right to think so, after 2000 he would have billions of dollars in stocks and would be too rich to spend all his life, he probably would regret not investing more with Jake when he had the chance.
"And when will the new camera be sold next year?"
"It will be sold in February, the price will be only 100 dollars more expensive than that was, but the overall quality of the camera will be much better, we can also better fix the display screen of the photos, the zoom, and the memory of the camera will be better."
The digital camera of Matthew's company was already the best in the whole stock market, with these new improvements and many others that Matthew did not need to say the camera sold next year would be much better.
While the other companies were studying Matthew's cameras to create a better product, Matthew's company would launch another much better camera on the market, just as Jake said this was the time to make money and leave the company brand well known.
After all, in a few years, they can no longer be in the market leadership of digital cameras, if they could possibly enter the smartphone market too, but it would be a risk that Jake would not advise Matthew to take.