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Nintendo Profits Up 72%, Sony's Down 94%

Gamasutra is reporting on reporting, with financial information from some of the large gaming companies becoming available this week. Nintendo, who had already previously raised projections, saw their profits up 72% over last year. This dramatic increase was credited largely to the DS, with 10.9 million units sold in the first six months of this year alone. Sony, on the other hand, dropped profits by 94% over this time last year. The company attributes this largely to the battery recall and PS3 start-up costs. From the article: "The company's games division reported a ¥43.5 billion ($366.6m) loss, from a ¥8.2 million ($69,000) profit in 2005, thanks to research and development, manufacturing and marketing costs related to the launch of the PlayStation 3. Sales and operating revenue were down by 20.5 percent to ¥170.3 billion ($1.43bn). A decrease in hardware sales worldwide was attributed to a drop in price for the PlayStation 2 and PSP. Software sales also decreased overall, although individual PSP sales were up on the previous year. Combined profit from the PS2 and PSP business was described as 'relatively unchanged'."

13 of 290 comments (clear)

  1. They are having trouble... by gQuigs · · Score: 5, Funny

    selling their rootkit...

    1. Re:They are having trouble... by PygmySurfer · · Score: 4, Funny

      I saw a PS3 ad on tv last night, and it was fucking disturbing.

      Basically, there's a little baby sitting on the floor. Then it cuts to a PS3. Back to the baby, who's starting to mumble things, then back to the PS3. Back to the baby again, only now his eyes are glowing and shit, then back to the PS3, which has started to levitate.

      It made me want to hide in the closet, not buy a PS3.

    2. Re:They are having trouble... by freakmn · · Score: 2, Funny

      It's OK, I hear they are making some improvements. I can't wait for the pineapples.

      --
      warning: This post is likely to contain gobs of dripping sarcasm. Consume at your own risk.
    3. Re:They are having trouble... by Jamil+Karim · · Score: 2, Funny

      It's like they're trying to fail or something ...

      I hear they are renaming the PS3 to "Gametime for Hitler"...

  2. VG Cats covered this one pretty well already... by sdaemon · · Score: 5, Funny

    http://www.vgcats.com/comics/?strip_id=212

    Not much more really needs to be said :)

  3. Karma by OSS_ilation · · Score: 4, Funny

    DRM Rootkit Lik Sang Arrogance Emotion Engine Massive Damage

  4. Brain dysfunction by littleghoti · · Score: 5, Funny

    [quote] Nothing Sony has done to anyone has had any effect whatsoever on its profits. If you honestly think .005% impacts their bottom line, you need a reality check. [/quote]

    Or to re-phrase
    Sony's profits or losses are due to fairies and the movements of the celestial bodies. Nothing the company does affects their bottom line.

  5. Ctrl Alt Del has a nice thought here by TLouden · · Score: 4, Funny
    --
    -Tim Louden
  6. Re:Sony is more than just PlayStation... by Anonymous Coward · · Score: 4, Funny

    Corporate shill, or Sony fanboy? You decide!

  7. Re:No link between the Nintendo and Sony numbers by UbuntuDupe · · Score: 3, Funny

    think it would be better to buy a $250 unit from a profitable company than a $500 unit from a failing one.

    This would be a good time to remind everyone that when GM tries to get its sales going again through offering that great "10 year, 100,000 mile warranty", you need to remind yourself that that really means, "10 year, 100,000 mile, or until we go bankrupt warranty".

  8. Re:For those cheering Nintendo by Cadallin · · Score: 2, Funny

    Because the NES days were fucking horrible, god how miserable we were with the poor quality titles that poured out of the development studios. The horrific absence of any innovative, classic titles. Nintendo nigh brought the video games industry to its knees with their steel fisted hegemony! How cruel they were!

  9. Re:Corporate Governance and Japan by ZombieRoboNinja · · Score: 3, Funny

    Yeah, good thing we don't have a GLOBAL ECONOMY, right? Because if we did, we might have Americans investing in Japanese multinationals!

  10. Re:Financial analysis by idiots by Nerdfest · · Score: 3, Funny

    The parent is absolutely correct. At a bare minimum, the socio-political climate in the Middle East must be represented by a breakfast cereal that has nuts in it.