Nintendo, Sony Take Big Financial Hits 119
The Installer writes with news that Nintendo is seeing a significant financial downturn to match the general slowdown in the rest of the industry. "Sales of the once unstoppable Wii console have tumbled for the first time since its launch three years ago, sending the gaming giant's quarterly profit down 61 percent." Meanwhile, Sony is feeling the pain as well; the company sold 500,000 fewer PS3 consoles than in the previous quarter, and PSP sales saw an even bigger drop. Interestingly, Sony also revealed that the manufacturing cost of the PS3 has now dropped 70% since it was released. The drop in sales has caused the resurgence of rumors about console price cuts.
Yet Another Chapter of Recession Porn (Score:5, Funny)
Will Nintendo lay people off in a "Wiistructuring?"
Re:Yet Another Chapter of Recession Porn (Score:5, Funny)
Re:Yet Another Chapter of Recession Porn (Score:2, Funny)
Re:This is fucking retarded. (Score:5, Funny)
than to actually wait a whole fucking fiscal year and take into account the number major releases that hit a particular year.
Oh come on. Everyone knows nothing happens towards the end of the year anyway. Especially not that thing where everyone buys stuff for their kids at the same time.