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Nintendo's Profits Fall On Gamecube Sales
Gamasutra reports that Nintendo's sales have dropped 21% compared to last year's numbers, largely on sluggish Gamecube sales. From the article: "Although a significant fall, Nintendo remains the most consistently profitable console hardware manufacturer when also factoring in game sales, especially compared to nearest rival Microsoft, which is estimated to have lost around $4 billion on the Xbox in the last five years. Nintendo officials are sticking to full year forecasts of operating profit of ¥90 billion ($758m), net profit of ¥75 billion ($631m) and sales of ¥400 billion ($3.4bn)."
Oh noes... a system that's near the end of its life is not selling as well any more. No kidding. At this point if I didn't have a GC at this point I'd probably be holding off for a Revolution which will have full backward compatability.
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To be perfectly fair, the Power Glove wasn't their failure. I believe it was made by Mattel. I could be wrong on the manufacturer, but it was NOT Nintendo that made that. The other failures though, are of course theirs.
But the point remains that they are a profitable company making systems and games. They do NOT require "side businesses" to keep them afloat.
Uhh no. You are VERY, VERY wrong. The differences in net profit(the figure that matters) between Nintendo(as a company) and Sony(as a company, all divisions) have been within 10-20 billion yen(within around $100 million at today's exchange rates) for this entire generation. Sony's operation isn't nearly as streamlined as Nintendo's, they make more money, but they spend a lot more money as well.
At that difference, it would take sony several decades to out-profit Nintendo's multi-billion dollar warchest.
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