Slashdot Mirror

← Back to Stories (view on slashdot.org)

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

Posted by ryuzaki0 on from the sony's-bear-market dept.

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'."

3 of 290 comments (clear)

  1. Watch the show folks... by crazyjeremy · · Score: 0, Troll

    Sony's gambling right now. With profits down and so much money into their new gaming system, time will not bode well for them unless they sell a LOT of $500 - $600 PS3's (and additional games with them). I'd rather have a $600 computer that a $600 console.

    --
    Funnypics
  2. and of course... by davFr · · Score: 0, Troll

    Could you please remind me of the profitability rates of Microsoft Xbox division?...
    Thanks for this new piece of Sony bashing, but I am quite fed up already.

    --
    RIP Slashdot. I used to love you. dead account - but slashdot wont let me delete it.
  3. Re:Why should I care? by Shajenko42 · · Score: 1, Troll
    I don't want them to "die", as some posters have mentioned; besides being exceedingly unlikely, Sony has made great things in the past.
    Plus, we'd be one step closer to Microsoft wiping out Nintendo, legally or not, and becoming the only console company out there.

    I just want that to sink in - Microsoft - the only console gaming company left.

    *shiver*