Everyone is losing money (Nintendo and Sony, that is…)
It’s in the Nikkei so it’s news: first Sony Dips Into the Red, then Nintendo Logs Two-Digit Decline in Sales and Income.
Regarding Sony’s results for the 1Q of 2005, in short they are in the red, apparently because they didn’t sell enough TVs and MemorySticks. The good news is that the game segment is up 64% compared to last year, but they are still losing even more money than last year in that department too. Sony says this is due to an increase in the advertisement and R&D expenses.
Nintendo’s 2005 Q1 is not that good either, actually it dropped 14% compared to the figures last year. Sales of the Nintendo DS exceeded 1.38 million units during this period, but it’s still much lower than the 5.27 million units of the first four months. But they are still hopeful, and apparently Nintendogs is selling well. Sales of the Game Boy Advance and the GameCube dropped 60% too. Nintendo says they are not too worried because the Holiday season should balance it all nicely.
Buy more!!
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