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.

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     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
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