Nintendo says: "Wii are Rolling in Money!"

From the Asahi Shimbun: GAMES: Nintendo '07 sales to top 1.5 trillion Yen

     Nintendo Co. said Thursday that its popular Wii and DS videogame consoles will lift its consolidated sales to 1.55 trillion yen for fiscal 2007, 10.7 percent more than its earlier estimate.

     The company's group sales for the year ended March were 966.5 billion yen.

     Nintendo on Thursday reported a consolidated net profit of 132.4 billion yen on sales of 694.8 billion yen for the six months through September.

     Net profits increased by 2.4 times from the same period the previous year, and sales by 2.3 times.

         The Nintendo DS handheld game player sold a record 13.35 million units during the six-month period.

     Accumulated sales of Wii game consoles totaled 13.17 million units at the end of September, with 72 percent of that in overseas markets.

  Nintendo continues to rake in cash from the Wii and DS, while Sony continues to slash prices on the PS3.  Sony is suffering not only from the PS3's higher price point but continued support for the PS2 from software companies, with many games for the PS3 being released for the PS2 at the same time.  If Sony wants to climb back to the top it is going to take more than price cuts to convince people to put aside their PS2's in favor of PS3's.  Unfortunately for Sony I have zero ideas as to how they can do that.

Posted by: raging tachikoma at 06:22 PM | No Comments | Add Comment
Post contains 245 words, total size 2 kb.

From Reuters via Fox News

SANTA MONICA, Calif. â€”  Sales of Nintendo's quirky Wii video game machine could top the legendary Play Station 2, making it the biggest hit in the industry's history, Nintendo President Satoru Iwata said on Thursday.

Nintendo Co. Ltd. sped past Sony Corp. (SNE) in market capitalization last month to become one of the 10 most valuable companies in Japan.

Full Story Here

     Sony just can't seem to get any relief on, well just about any front.  They continue to hemmorage money and the recent price cuts on the PS3 can only make it worse.  Sony took a huge risk when they launched the PS3, knowing that they would be selling the hardware at aloss when they where already in financial ill health.  Nintendo is already turning a profit on Wii hardware, and since it is also consistently outselling the PS3 in the states and Japan Sony's future looks no better than it did prior to the PS3 launch.  PS3 and Blu-Ray were suppoused to be the savior of the company, they have turned out to be yet one more giant albatross around Sony's neck.

Posted by: raging tachikoma at 04:39 PM | Comments (2) | Add Comment
Post contains 194 words, total size 1 kb.