Nintendo putting the squeeze on Sony

Nintendo stock

Sony may report third-quarter profit fell 50 percent after its flagship PlayStation 3 lost market share to Nintendo’s Wii.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.

Shares of Sony have risen 9.6 percent in the past six months, trailing the 61 percent gain by Nintendo and Xbox 360-maker Microsoft Corp.’s 26 percent increase. Today, Sony’s stock fell 1.2 percent to close at 5,730 yen in Tokyo.

Nintendo, last week, reported profit in its latest quarter jumped 40 percent fueled by demand for Wii consoles and portable DS game players.

In the U.S., Nintendo sold 1.1 million consoles in November and December, almost double the PlayStation 3 units shipped during the period, according to researcher NPD Group. In Japan, Nintendo sold 989,118 Wii units last year, more than double PlayStation 3 sales, according to researcher Enterbrain Inc.

Thanks for the heads up William.

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  • http://reefinyateef.blogspot.com/ reefinyateef

    Two to one?! That’s really insane. It surprises me that Sony’s supporters, added with the fact that Playstation has been the top mainstream gaming platform for almost a decade, have not been enough to give the PS3 stronger numbers.

  • http://reefinyateef.blogspot.com/ reefinyateef

    Two to one?! That’s really insane. It surprises me that Sony’s supporters, added with the fact that Playstation has been the top mainstream gaming platform for almost a decade, have not been enough to give the PS3 stronger numbers.

  • http://reefinyateef.blogspot.com reefinyateef

    Two to one?! That’s really insane. It surprises me that Sony’s supporters, added with the fact that Playstation has been the top mainstream gaming platform for almost a decade, have not been enough to give the PS3 stronger numbers.

  • WILL

    It surprises me even more that you can’t convince Sony supporters that their system is failing. I’ve read posts that say that Wii sales are running out of steam and that the PS3 is beginning to sell. Where did they find this data? I follow the market closely and never have I come across this. Fanboy, the reason you can find PS3 at your local retailer is not because Sony is an awesome supplier but because the market is not interested in a 600 dollar gaming system or a bluray player for that matter. Maybe this will be appealing in a few years when HD/LCD technology catches up with our pocket books. I don’t have to sell my kidney to play on my 250 dollar Wii and watch movies on my 30 dollar player and yet I’m still content. BTW when are they coming out with the Wiiboard for typing.us

  • WILL

    It surprises me even more that you can’t convince Sony supporters that their system is failing. I’ve read posts that say that Wii sales are running out of steam and that the PS3 is beginning to sell. Where did they find this data? I follow the market closely and never have I come across this. Fanboy, the reason you can find PS3 at your local retailer is not because Sony is an awesome supplier but because the market is not interested in a 600 dollar gaming system or a bluray player for that matter. Maybe this will be appealing in a few years when HD/LCD technology catches up with our pocket books. I don’t have to sell my kidney to play on my 250 dollar Wii and watch movies on my 30 dollar player and yet I’m still content. BTW when are they coming out with the Wiiboard for typing.us

  • WILL

    It surprises me even more that you can’t convince Sony supporters that their system is failing. I’ve read posts that say that Wii sales are running out of steam and that the PS3 is beginning to sell. Where did they find this data? I follow the market closely and never have I come across this. Fanboy, the reason you can find PS3 at your local retailer is not because Sony is an awesome supplier but because the market is not interested in a 600 dollar gaming system or a bluray player for that matter. Maybe this will be appealing in a few years when HD/LCD technology catches up with our pocket books. I don’t have to sell my kidney to play on my 250 dollar Wii and watch movies on my 30 dollar player and yet I’m still content. BTW when are they coming out with the Wiiboard for typing.us

  • WILL

    It surprises me even more that you can’t convince Sony supporters that their system is failing. I’ve read posts that say that Wii sales are running out of steam and that the PS3 is beginning to sell. Where did they find this data? I follow the market closely and never have I come across this. Fanboy, the reason you can find PS3 at your local retailer is not because Sony is an awesome supplier but because the market is not interested in a 600 dollar gaming system or a bluray player for that matter. Maybe this will be appealing in a few years when HD/LCD technology catches up with our pocket books. I don’t have to sell my kidney to play on my 250 dollar Wii and watch movies on my 30 dollar player and yet I’m still content. BTW when are they coming out with the Wiiboard for typing.us

  • http://myspace.com/zeppelin_forever rockefellow

    Will, they haven’t activated the USB yet to do that.

  • http://myspace.com/zeppelin_forever rockefellow

    Will, they haven’t activated the USB yet to do that.

  • Lewis

    yea wii typing sucks but im doing it now anyway, keep up the work nintendo, wii deserves 2 b the leading console. just get the controls right and give up the dvd code so i can watch my movies on it! console pirates are low in numbers neway.

  • Lewis

    yea wii typing sucks but im doing it now anyway, keep up the work nintendo, wii deserves 2 b the leading console. just get the controls right and give up the dvd code so i can watch my movies on it! console pirates are low in numbers neway.

  • Lewis

    yea wii typing sucks but im doing it now anyway, keep up the work nintendo, wii deserves 2 b the leading console. just get the controls right and give up the dvd code so i can watch my movies on it! console pirates are low in numbers neway.

  • Will

    I’d be content with some stellar titles for this year.

  • Will

    I’d be content with some stellar titles for this year.