fiscal-results
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Nintendo makes boatloads of money during fiscal Q1 [update]
To the surprise of, well, no one, Nintendo had a pretty stellar first fiscal quarter of 2008, raking in a net profit of nearly 1 billion dollars (107.2 billion yen). Wii hardware was responsible for $5.17 million of that profit, which is an increase of almost $1.75 million from last year's fiscal Q1. Meanwhile, Wii software raked in $40.41 million (up $24.42 million).Mario Kart Wii and Wii Fit were part of the reason for this software success, since in the quarter Wii Fit sold 3.42 million copies and Mario Kart sold a whopping 6.42 million units. And, if you weren't yet convinced that Nintendo deserves the "printing money" meme, the company is projected to bring in a net profit of about $3 billion dollars for the year. We don't know about you, but our own wallets and bank accounts are growling with envy.Update: Fixed some typos. Thanks for the heads up, Sonic_13![Via NeoGAF]
PlayStation 3's cost to Sony so far: $3.32 billion
Creating, manufacturing and launching a console is expensive. That's a lesson we learned during our unsuccessful attempt to revolutionize the industry with the JoyStack, the world's first edible console. Of course, we only made two, the graphics were terrible and people complained that it was just a copy of Syphon Filter 2 wedged in-between two pancakes, but it did give us perspective on Sony's fiscal 2008 report. Having sold the system at price lower than the manufacturing cost, the PlayStation 3 was a $2.16 billion endeavor in 2007, with another $1.16 billion being lost in 2008.The $3.32 billion investment, which includes the monolithic system's complete development and introduction, "may not be fully recovered," according to Sony. The manufacturer warned that should the PlayStation 3 fail to reach "favorable market penetration", it would have a "significant negative impact" on the company's profitability.While the cost may seem astronomically high, especially compared to the JoyStack, we've seen rival manufacturers taking their sweet time to reach profitability (a top priority for Sony). The race is a long one -- and we've seen each competitor's fortunes improve over the last year.[Via GameDaily]
