Aw. Gee whiz. They promised not to close studios, as long as they’re allowed to do illegal mergers.

I’m beginning to mistrust CEO promises.

I’m sure they’ll do their best, in the future.

Right. I think the whole thing is still a fool’s errand.

As soon as they can’t monopolize all the days center wafers, they’ll be trying to sell their proprietary models against scrappy little pop up businesses running open models at cut throat rates.

They may still make some money, but I don’t think the billions tossed at all this are coming back to them.

Yes. Looks like they’re still really not profitable, even if they stopped R&D; but only barely.

Of course, when tough times arrive, the difference between “barely sustainable” and “almost sustainable” can be everything.

(“A few quick job cuts to make the numbers work” are often the harbinger of a spiral of cascading failures.)

Overall though, the numbers (minus the utterly stupid waste happening in R&D) look better than I would have guessed - for a product that still has no meaningful truly necessary outputs.