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

[wraggster]

Via Slashdot

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'."

[Basil Zero]

wow, just incredible

my nintendo roots are calling me back...i think their calling me back....to be...a Nintendo Fanboy again.......YES!!!

[LAMPRO]

oh how things will change in a matter of months. sony will be up double that after the initial 6 months of ps3 launch. and nintendo will be wondering what the hell they are thinking with that wierdo wii controller. lol.

mario is having his cake right now, but sony will eat it all soon enough. hahah.

[.:}<3\/!}\{:.]

LOL sony's getting pwned!!!

[The_Ultimate_Eggman]

Nice !!!

[BL4Z3D247]

yeh go NINTENDO!!!!! boooooooo Fony

[Shrygue]

No way! I prefer PSP over DS although I hate Sony when they have to put out those stupid firmware updates with the security patches (unless they're Devhooked, that is).

[carlitx]

holy crap maby the psp would sell more if they lowered prices and embraced the homebrew thing with open arms instead of uping security to prevent it. or have a few downgraders out for people...man sony must be getting stupider by the day lol

[Shrygue]

I totally agree...there hasn't been any price drops in the UK on either the Base or Vaule packs. Not sure about the Giga Pack though. Homebrew is one of the best things about the PSP; in fact probably the greatest.

[shadowhawk22]

Guys, what we are seeing is customer relations at its best. Nintendo loves its customers, and really strives to keep their loyal customers loyal. Sony could care less about their customers.

You see how Sony is mean to the homebrew scene, which actually made the PSP so darn popular in the first place. They also forced LikSang to shut down, which sells many sony units to loyal sony customers everywhere. I mean, Sony doesn't care about anything but their bottom line. And in the end, they will lose focus on their customers, and thus go bankrupt. I won't be upset, to be honest, they deserve it.

Goooo Nintendo! Nintendo is flippin awesome, and deserves everyone's business!!