Nintendo, Sony Take Big Financial Hits

The Installer writes with news that Nintendo is seeing a significant financial downturn to match the general slowdown in the rest of the industry. "Sales of the once unstoppable Wii console have tumbled for the first time since its launch three years ago, sending the gaming giant's quarterly profit down 61 percent." Meanwhile, Sony is feeling the pain as well; the company sold 500,000 fewer PS3 consoles than in the previous quarter, and PSP sales saw an even bigger drop. Interestingly, Sony also revealed that the manufacturing cost of the PS3 has now dropped 70% since it was released. The drop in sales has caused the resurgence of rumors about console price cuts.

Comments

@#$% Sony

[P0ltergeist333]

Between installing malware on it's customers' machines, using draconian DRM, constantly trying to shove proprietary crap down our throat, and the recent denial of fair use by it's customers despite using fair usage as an argument to defend against Universal Studios' lawsuit against them, I have decided that Sony can go @#$% itself. I will go out of my way to avoid doing any business with them. I urge everybody else to do the same.