theKSMM / Member

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Profits Down at the House of Mario

Sony continues to lose money in it's entertainment division on sales of the PlayStation 3.And Nintendo continues to turn a profit on sales of the Wii.Then why are investors driving Nintendo's stock down and Sony's stock up?It's because they don't like thedirectionthat they're seeing Nintendo heading.Year-over-year profits at Nintendo are down almost 50% for the first half of 2009. Wii sales continue to slow, and even a recent $50 price cut hasn't seemed to spur additional sales of the console, worrisome news as we head into the holiday season when most sales are made.

Read the rest of this post at ThreeSpace Games & Tech.