The power of the Playstation brand? A myth*. Nintendo and it’s “GameCube 2.0” have eaten the monolithic heat sink for breakfast, and then some, said a bunch of analysts contacted by Bloomberg.
Losses from games probably drove net income down to 84.1 billion yen ($691 million) in the three months ended Dec. 31, from a record 168.9 billion yen a year earlier, according to the median estimate of five analysts surveyed by Bloomberg. Sales at Tokyo-based Sony, which reports earnings tomorrow, probably rose 9.6 percent to 3 trillion yen.
The results may highlight Chief Executive Officer Howard Stringer’s failure to fend off Nintendo, whose $250 Wii console outsells the PlayStation 3 by two-to-one. Sony may still exceed its full-year profit target because of a weaker yen, sales of Bravia televisions and growth at its movie unit.
Yeah, yeah, I know. “It’s still early.”
* According to me, and only me.
Chomp!Chomp!
So… Nintendo selling a $250 system against Sony selling a $599 system..Obviously? Wasn't it Gamecube 1.5 though? Anyways! It's still impressive.
That's what i say, shinn.Even more obvious should be the financials in this story. A high 2005 followed by a low 2006 — they're even! Good work, Sony.
WAIT A MINUTE!"Nintendo, whose $250 Wii console outsells the PlayStation 3 by two-to-one."Well, isn't the price also approximately "two-to-one"??Maybe it is just simple micro economics at work here, folks!
I guess it does make sense. My family has two wiis and zero ps3s.