Top
10°

Nintendo Profits Up 72%, Sony Down 94%

After raising profit forecasts earlier this month, Nintendo reported the company's second quarter profits rose 72 percent on the same period the year before, thanks to the continued international success of the Nintendo DS handheld. Net profits for the six months ending September 30th rose to $457.7m

The story is too old to be commented.
Lex Luthor4068d ago

According to Gamasutra,

The company's games division (Sony) 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'.

After raising profit forecasts earlier this month, Nintendo reported the company's second quarter profits rose 72 percent on the same period the year before, thanks to the continued international success of the Nintendo DS handheld. Net profits for the six months ending September 30th rose to $457.7m. A total of 10.9 Million Nintendo DS consoles were sold in the first six months of the year alone, an increase of over 3.5 Million from last year.

DJ4067d ago

Simply because it's not comparing the profits of Nintendo (purely games) and Sony Computer Entertainment (which is also purely games). Instead it deliberately uses the battery division as leverage to make the entire company, in addition to individual divisions, look weak and unprofitable.