EA predicts Sony will miss PS3 year-end shipment numbers

EA predicts Sony will miss PS3 year-end shipment numbers
Legit Reviews - USA
... might want to take a good hard look at those unboxing pics we shared last night, 'cause it could very well be as close as you're getting to a PlayStation 3 in ...

Nintendo Profits Up 72%, Sony's Down 94%

Gamasutra is reporting on reporting, with financial information from some of the large gaming companies becoming available this week. Nintendo, who had already previously raised projections, saw their profits up 72% over last year. This dramatic increase was credited largely to the DS, with 10.9 million units sold in the first six months of this year alone. Sony, on the other hand, dropped profits by 94% over this time last year. The company attributes this largely to the battery recall and PS3 start-up costs. From the article: "The company's games division reported a ¥43.5 billion ($366.6m) loss, from a ¥8.2 million ($69,000) profit in 2005, thanks to research and development, manufacturing and marketing costs related to the launch of the PlayStation 3. Sales and operating revenue were down by 20.5 percent to ¥170.3 billion ($1.43bn). A decrease in hardware sales worldwide was attributed to a drop in price for the PlayStation 2 and PSP. Software sales also decreased overall, although individual PSP sales were up on the previous year. Combined profit from the PS2 and PSP business was described as 'relatively unchanged'."

Sony Exec Says Nintendo Died Three Years Ago

the game rag: Sony Exec Says Nintendo Died Three Years Ago

Sony Exec Says Nintendo Died Three Years Ago

Jack Tretton, the Executive Vice President for Sony Computer Entertainment America, recently sat down with GameDaily BIZ and revealed some interesting pieces of information. For starters, Nintendo went out of business in June 2003, and everything we've seen since then have been phantom pains.

"The DS was just a figment of people's imaginations," Tretton explained. "Not only has it not sold well, it didn't even exist."

Tretton pointed out that the popularity of the PS2 was so massive it demolished Nintendo's sales and morale, and the company simply folded as a result. "There is no Nintendo anymore, and there never will be a Nintendo!," Tretton exclaimed.

The Sony VP then went on to demonstrate how his company continues to expand. "The PSP is so popular, everyone owns at least two devices and thirty games," he expounded. "Five billion Playstation 2s have been sold this year alone."

According to Tretton, the PS3 should prove to be so popular that it will cause cable companies to go bankrupt, "because the only reason to use a TV will be to play a PS3" he said.

Posted by ChrisV82 on September 25, 2006 01:35 AM