Chapter 216 Bright Future 2 (1/2)
Many still did not know that these two companies sponsored Jake, after all the brands even if they were in Jake's uniform were not recognized, so this commercial would serve to make the two companies known as were the companies of Tiffany and Clara.
So they thought this commercial was very important to them, this commercial would be broadcast all over the country, after that, it was certain that Jake would be famous one way or another, after all, there weren't many people who appeared in 2 commercials at the same time in the country.
The company was thinking of focusing on its sales in Miami, Chicago, and New York, which were the places where Jake was best known and the commercial would have more effect in all the country.
Jake thought it was a pity that Tiffany and Clara's companies couldn't do the same, after all, as John and Alan thought, this was a very good chance of advertising for the companies that sponsored Jake.
But he knew it was impossible because Clara was trying so hard that the company wouldn't value until she could buy more stock, she couldn't boycott the company to diminish the value because Robert and the opposing company wouldn't allow it and could even get Clara out of the presidency.
But she wouldn't make a commercial to further increase the company's sales and value the value of Robert's stock, Robert certainly didn't like it, but he had no right to complain about how his stock was practically sold.
The company that was trying to buy Clara's company, on the contrary, was happy, after all, Clara's company was competing with them and if they didn't improve in those five years it would be worth it even if the company couldn't be bought.
After a few more days Matthew had called Jake to his house, Jake could hear from Matthew's voice that it was good news, so he was excited because he wanted to know how much Matthew's company had invoiced so far.
”Hi Jake, congratulations on your birthday, you're 17 now, I never thought I'd see someone as talented as you being so young.”Find authorized novels in Webnovel，faster updates, better experience，Please clickfor visiting.
”Thank you.”
”I swear you're excited about it too, I confess I didn't expect us to be that successful, and it was all thanks to you.”
”Glad to have helped.”
”I think even you're curious how much we sold last year.”
”I have to confess that not even I expected us to sell so much, but thanks to your county I made a strong investment and even a partnership with several major retail stores around the world.”
”So we sell just over 2 million digital cameras worldwide, only in Europe we sell 1.5 million cameras, so thanks to your county we could sell so many cameras.”
Matthew was very impressed by this too, he took out a $ 100 million loan by placing 32 percent of his shares as collateral, it was crazy that no one would normally be able to do.
But with that money he can make a commercial to advertise his digital camera and also the company's brand, he bought advertising space for television channels across the country and also in Europe.
In addition, Matthew bought some new machines and hired some temporary workers to make 1 million digital cameras for inventory, he believes Jake said they would sell this 1 million camera.
So he spent all the money and still went into debt because it would cost 500 million to make these 1 million cameras, in a few days the first sales reports excited Matthew, he used all the revenue he received from the cameras to pay for the manufacture of these 1 million of cameras.
After 1 month he had already paid the cost of the cameras and had almost no more stock, so he saw that his effort was paying off, after manufacturing the first million cameras he kept manufacturing and can repay his loan and recoup the stock.
Just as he had thought before, the more cameras he sold, the lower the total cost became, because most of the cost was technology development and employee salaries, and selling more than 2 million cameras would get lower and lower.
So by the end of the year, Matthew had sold 2 million cameras and was still manufacturing more, he expected to sell at least 4 million more cameras in 1996 and that year he didn't even think about making the new camera anymore.
With the new 1995 earnings review, the stock value will increase greatly and the value of the company will be valued at $ 4 billion, that's over 10 times the value of the company last year, just as Jake said the company would completely change if it followed the advances in technology.