Sony Down, Nintendo Up
October 26th, 2006 Posted in Business, GameCube, Nintendo DS, Wii
Companies are releasing their quarterly earnings these days, and that includes Sony and Nintendo as well. Sony has announced a 94% drop in profits in Q2 2006, due to the large battery recall (almost 10 million batteries recalled over the past few months) and the expensive PlayStation 3 manufacturing process.
Nintendo on the other hand, saw profits triple in Q2 2006, mainly driven by strong Nintendo DS hardware and softwares sales. Over 10 million DS consoles were sold from April-September 2006, compared to 3,5 million last year. Both companies will release their highly anticipated next-gen consoles within a month, so things can still change for both sides.
Read (Reuters)
October 26th, 2006 at 3:49 pm
This is totally expected, the ps3 obviously has huge production costs, but they’ll make that money back. Plus the battery recall has cost them millions, probably still will in the second half of 06
October 26th, 2006 at 4:26 pm
Yup the ps3 is much more of a depth investment, as is xbox360. Also, the comparisson isn’t meaningful, I could draw a funny statistic too, explaining that sony made x billion $ more this year then nintendo. This would make no sense either, because Nintendo is only focused on games, and Sony has many other departments and is a much larger company. The factors do not even compare. This wrongness especially adds up since it’s the quarterly earnings as opposed to each their OWN respective earnings from 2005. This has nothing to do with comparing them with each other, only comparing sony’s own earnings against the one before and nintendo’s earning compared to their own ones before.
Say sony would make 20 zlotty last year and now 2 and nintendo would make 0,01 and now 0,008, which one would have more profit this year? You cannot draw any conclusions from this but the respective profit from each company in respect to their OWN last years’ profit.
There are lies, lies and statistics. It’s again a foolish and biased post.
October 26th, 2006 at 5:03 pm
Doom, Sony released these figures themselves, Sony made $14 million in profit in Q2, Nintendo made $56 million. Nintendo’s stock is worth more than Sony’s. Period.
You’re such a fucking child it is beyond belief how you can even construct a decent sentence at this point.
Go take your bullshot elsewhere. I’d suggest Kotaku since they’re full of it as well.
October 26th, 2006 at 10:49 pm
Correction: Nintendo’s profit was $472 million, Sony’s $14 million.
October 26th, 2006 at 11:22 pm
Still doesnt compare since sony is a bigger multifacetted international and nintendo only in the gamesmarket. The Figures only speak about their own profits. It’s pointless to compare due to the reasons I already stated.
October 26th, 2006 at 11:54 pm
doom,
These figures do not specify being limited to Sony’s hand in the video game market. They are simply showing Sony overall.
October 27th, 2006 at 10:33 pm
I just said that, you are repeating what I said.
October 27th, 2006 at 11:10 pm
Ok then. If you compare Sony in the gaming department with Nintendo, Sony would still have a much lower profit figure. So what is your point?
November 2nd, 2006 at 2:07 pm
I don’t think it even matters as previously stated, the graph reads as Nintendo and Sony as whole companies, regardless of the divisions they’re in. So as a whole, Sony is failing in other departments (i.e walkman) which causes for the decrease in sales. IMO, Sony has had it pretty bad since Ipod came out, coz after them, a whole lot of quality electronic goods companies have emerged competeing for the same market space.