Latest in Gaming

Image credit:

Earnings reports: Sony slumps, Nintendo, Microsoft surge

Kyle Orland
October 26, 2006
Share
Tweet
Share

Sponsored Links

A trio of publicly filed financial reports for the most recent quarter (July through Sept. '06) have shed some light on the fiscal fates of the three major consoles makers going into the critical holiday period.

First up is Sony, which posted massively reduced earnings as expected. The ongoing laptop battery recall accounted for much of the 94 percent reduction in profits, but slow sales of the PSP and Playstation 2 accounted for a 43.5 billion yen operating loss in the games division. Research and development costs for the PS3 also cut into Sony's bottom line for games. Sony is still predicting sales of 6 million Playstation 3 units by March '07.

Nintendo's financial situation is much rosier, with profits rising 72 percent on strong sales of DS hardware and software. The company is shipping 100,000 DS units a week and is still unable to meet demand in some Japanese stores. Nintendo expects to sell 20 million DS units and 6 million Wii units this fiscal year (ending March 2007), helping pad down an net income forecast of 100 billion yen.

Spurred on by higher software sales, Microsoft announced game revenue for the 360 and PC increased 107 percent ($319 million) in the past quarter. Microsoft's Entertainment and Devices Division (which includes the games unit) grew by 70 percent over the same period last year. The Xbox 360 sold 900,000 units in the quarter, pushing it over 6 million units sold worldwide, and putting it well on its way to selling an expected ten million systems by the end of 2006, according to Microsoft.

Read: Sony report
Read: Nintendo report
Read: Microsoft report











All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Engadget's 2020 Back-to-School Guide

Engadget's 2020 Back-to-School Guide

View
Tesla drops Model Y price by $3,000

Tesla drops Model Y price by $3,000

View
Facebook used 86 percent renewable energy in 2019

Facebook used 86 percent renewable energy in 2019

View
Microsoft and Google team up to bring more web apps to the Play Store

Microsoft and Google team up to bring more web apps to the Play Store

View
NASA will fund six more Artemis missions as it plans return to the moon

NASA will fund six more Artemis missions as it plans return to the moon

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr