Sony profits up despite PS3 losses
Posted on
October 26th, 2007
by
PS3Vault
Sony’s return to financial health gathered pace today as the electronics giant reported a jump in earnings in the last quarter fuelled by demand for digital cameras and flat-screen TVs.
But its optimism was tempered by losses in its gaming division caused by price cuts designed to boost sales of its struggling game console, the PlayStation 3.
Sony’s main rival in the gaming sector, Nintendo, saw its operating profit almost triple during the six months from April-September thanks to stunning sales of its Wii game console.
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To point out the Wii is not a competitor of the ps3!!! The Wii is for gamers without HD TVs who like party games and Nintendo fans who can appreciate the game design in things like legend of Zelda etc, the PS3 is for people with a HD TV and interested in classic hard core gaming, ergo not the same market, the X-Box 360 is the rival, look at the DS and the PSP, DS targets more people and different people to avoid competition. Rant over.